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determine the net income for the following years Exercise 13-5 Determination of income effects from common-size and trend percents LO P1, P2 Common-size and trend

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Exercise 13-5 Determination of income effects from common-size and trend percents LO P1, P2 Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Sales Cost of goods sold Operating expenses Common-Size Percents 2017 2016 2015 100.0% 100.0% 100.0% 63.7 61.5 56.7 14.4 13.9 14.2 Trend Percents 2017 2016 2015 184.9% 103.7% 100.0% 117.9 112.5 100.0 106.5 101.5 100.0 Determine the net income for the following years. (Enter all amounts as positive values.) 2017 2016 $ Sales Cost of Goods Sold Operating Expenses Net Income 2015 100,000 56,700 14,200 29,100 $

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