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.

Determine the net income for the following years. (Enter all amounts as positive values.)

Exercise 13-5 Determination of income effects from common-size and trend percents LO P1, P2 0 common-siz ro trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Sales Common-Size Percents 2017 2016 2015 100.0% 100.0% 100.0% 63.4 61.9 59.1 15.3 14.8 15.1 Trend Percents 2017 2016 2015 105.4% 104.2% 113.1 109. 106.8 1 100.0% Cost of goods sold Operating expenses 1 Determine the net income for the following years. (Enter all amounts as I 2017 2016 $ 105,400 $ 104,200 Sales Cost of Goods Sold Operating Expenses Net Income WO 2015 $ 100,000 59,100 15,100 25,800 WH