eBook The following is an income statement for Baldwin Field Enterprises. Baldwin Field Enterprises Income Statement For the Years Ended December 31, 2015 and 2014 2015 2014 Amount Amount Revenue from sales: Sales Less returns NET SALES $89,000 2,400 $86,600 $71,200 2,600 $68,600 Cost of goods sold: Inventory, January 1 Purchases Available for sale Inventory, December 31 Cost of goods sold Gross Profit $22,000 38,000 $60,000 24,100 $18,000 35,000 $53,000 22,000 $31,000 $37,600 $35,900 $50,700 Operating expenses: Salary Rent Advertising Delivery Depreciation Equipment rental Administrative Miscellaneous Total operating expenses Income before tax Income tax NET INCOME $11,200 7500 1,400 450 650 350 1,900 190 $23,640 $27,060 2,300 $24,760 $10,900 6000 1,200 380 600 420 1,700 220 $21,420 $16,180 2,400 $13,780 Assume that the beginning inventory was $18,500 in 2014 and $20,500 in 2015 and that the rent was $6,400 in 2014 and 58,800 in 2015. Compute the following amounts the revised beginning inventory and rent numbers. Round to the nearest whole percent. Difference 2015 Amount 2015 percent 2014 Amount 2014 Percent Amount Percent Gross proth