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Exercise 17-5 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,

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Exercise 17-5 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 Coat of goods sold Total expenses Common-Size Percenta Current Yr 1 Yr Ago 2 Yrs Ago 100.00 100.0% 100.0% 63.3 61.1 56.1 14.3 13.8 14.1 Trend Percents Current Yi 1 Yr Ago 104.78 103.5% 118.1 112.7 106.3 101.3 2 YES Ago 100.00 100.0 100.0 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.) 1 Yr Ago Current Yr $ 100 Sales Cost of Goods Sold Total Expenses Net Income 2 Yrs Ago 100,000 56,100 14,100 29,800 $ Change in Net Income >

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