Exercise $17-5($Algo$)$ Determining income effects from common$-$size and trend percents LO P$1,$ P$2$

Common$-$size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow.

Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three$-$ye

period?

Answer is complete but not entirely correct.

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Determine the net income for the following years. Assuming sales were $$100,0002$ yrs ago, what is net income in each year?

Note: Enter all amounts as positive values.