Exercise 13-5 Determining 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. Sales Cost of goods sold Total expenses Common-Size Percents Current Yr 1 Yr Ago 2 Yrs Ago 100.ex 100.0% 100.ex 63.5 61.3 57.4 14.3 13.8 14.1 Current Yr 104.4% 115.5 105.9 Trend Percents 1 Yr Ago 103.2x 119.2 101. 2 Yrs Ago 100.0% 100.0 100.0 Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three-year period? Complete this question by entering your answers in the tabs below. Net Income Change in Net Income Determine the net income for the following years. (Enter all amounts as positive values.) Current Yr 1 Yr Ago Sales Cost of Goods Sold Total Expenses Net Income 2 Yrs Ago $ 100,000 57,400 14,100 $ 28,500 Net Income Change in Net Income > Exercise 13-5 Determining 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. Sales Cost of goods sold Total expenses Common Size Percents Current Yr 1 Yr Ago 2 Yrs Ago 100.0% 100.ex 100.ex 63.5 61.3 57.4 14.3 13.8 14.1 Current Yr 104.4% 115.5 105.9 Trend Percents 1 Yr Ago 103.2% 110.2 101.0 2 Yrs Ago 100.0% 100.0 100.0 Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three year period? Complete this question by entering your answers in the tabs below. Net Income Change in Net Income Did the net income increase, decrease, or remain unchanged in this three-year period? Did the net income increase, decrease, or remain unchanged in this three-year period? Change in Net Income (Net Income