Exercise 17-5 (Algo) Determining income effects from common-size and trend percents LO P1, P Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Common-Size Percents Trend Percents Current 2 Years 1 Year Ago Sales Year 100.0% Cost of goods sold. Operating expenses 63.4 14.2 100.0% 61.2 13.7 Ago 100.0% Current Year 2 Years 1 Year Ago Ago 103.8% 102.6% 100.0% 57.3 14.0 114.9 105.3 109.6 100.0 100.4 100.0 Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three- period? Complete this question by entering your answers in the tabs below. Change in Net Income 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? Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Common-Size Percents. Trend Percents Current 2 Years 1 Year Ago Year Ago: Sales 100.0% 100.0% 100.0% Current Year 103.8% 2 Years 1 Year Ago: Ago 102.6% 100.0% Cost of goods sold Operating expenses 63.4 14.2 61.2 13.7 57.3 114.91 109.6 100.0 14.0 105.3 100.4 100.0 Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this th period? Complete this question by entering your answers in the tabs below. Change in Net Net Income Income Determine the net Income for the following years. Assuming sales were $100,000 2 yrs ago, what is net income in each year (Enter all amounts as positive values.) Sales Cost of Goods Sold Operating Expenses Net Income Current Year 1 Year Ago 2 Years Ago $ 100,000 57,300 14,000 $ 28,700