E14-3A

UlI Uarnings per share of common stock. UIon shares were Alugust 1. The company had net income Comparative Income Statements Consider the following income statement data from the Ross LO Company: 2016 2015 Sales revenue. . . .$550,000 $450,000 Selling expenses Administrative expenses 7,800 5,400 Prepare a comparative income statement, showing increases and decreases in dollars and in percentages. Comment briefly on the changes between the two years. a. b