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Conduct a trend analysis on the income statement and include a graph. Income Statement XYZ company Ending 30 June 2022 2021 2020 Sales Cash 34,589

Conduct a trend analysis on the income statement and include a graph.

Income Statement

XYZ company

Ending 30 June 2022 2021 2020
Sales
Cash 34,589 74,568 85,420
Credit 1,238,231 735,410 665,822
Total sales 1,272,820 809,978 751,242
Cost of goods sold 602,514 420,320 428,970
Gross Profit 670,306 389,658 322,272
Operating Expenses:
Salaries and wages 102,000 83,000 65,000
General, administration and selling expenses 109,995 56,224 44,941
Depreciation 115,617 52,470 43,076
Interest expenses (on borrowings) 24,850 14,650 12,500
Net Profit 317,844 183,314 156,755

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