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Consider the following income statement data from the Ross Company: 2020 2019 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense
Consider the following income statement data from the Ross Company: 2020 2019 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense $1,100,000 $945,000 705,600 599,850 220,500 212,850 126,000 107,500 16,380 11,610 Prepare a comparative income statement, showing increases and decreases in dollars and in percentages. (Round percentages to one decimal.) Ross Company Comparative Income Statements Increase 2020 2019 (Decrease) $ 1,100,000 $ 945,000 $ 155,000 Percent Change 11.8 x Sales revenue 0 X 0 X 0 x 0 x OX OX 0 x OX Cost of goods sold Gross profit on sales Operating expenses Selling expenses Administrative expenses Total 0 x OX 0 x 0 x OX 0 x OX 0 x 0 x OX 0 X 0 x Income before income taxes 0 X 0 x 0 x 0 x Income tax expense 0 X 0 x 0 x 0 x Net income $ 0 x $ Ox $ 0 x 0 x Check
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