Exercise 17-5 (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. Common-Size Percents Trend Percents Sales Cost of goods sold. Operating expenses Current Year 100.0% 63.4 14.2 1 Year Ago 100.0% 61.2 13.7 2 Years Current Ago 100.0% 57.3 14.0 2 Years: Year 103.8% 114.9 105.3 1 Year Ago 102.6% Ago 100.0% 109.6 100.4 100.0 100.0 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. Change in Net Income Net 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 Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Common-Size Percents Trend Percents Current 1 Year Ago Year Sales 100.0% 100.0% Ago 100.0% 2 Years Current Year 103.8% 1 Year Ago 102.6% Cost of goods sold 63.4 61.2 57.3 114.9 109.6 Operating expenses 14.2 13.7 14.0 105.3 100.4 2 Years 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 thre 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