Exercise 13-5 (Algo) Determining income effects from common-size and trend percents LO P1, P2

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-year period? Answer is not complete. Complete this question by entering your answers in the tabs below. Change in Net Income Net Income 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. \begin{tabular}{l|c|c|c|} \hline & CurrentYear & 1 Year Ago & 2 Years Ago \\ \hline Sales & & & $100,000 \\ \hline Cost of Goods Sold & 66,010 & 62,973 & 58,100 \\ \hline Operating Expenses & & & 14,000 \\ \hline Net Income & & & $27,900 \\ \hline \end{tabular}