Following are income statements for Hossa Corporation for 201 and 20X2. Percentage of sales amounts are also shown for each operating expense item. Hossa's income tax rate was 22% in 201 and 24% in 202. Hossa's management was pleased that 202 net income was up 6.5% from the prior year. Although you are also happy with the increase in net income, you are not so sure the news is all positive. You have modeled Hossa's income as follows: NET INCOME = SALES (1 COGS % OPEX\% )(1 TAX RATE ) Using this model, net income in 201 is computed as $5,500(145%15%)(122%)=$1,716.0. Net income in 202 is computed as $6,500(147%16%)(124%)=$1,827.8. Required: 1. Prepare a cause-of-change analysis to show the extent to which each of the following items contributed to the $111.8 million increase in Hossa's net income from 20X1 to 20X2: (Do not round intermediate calculations. Enter your answers in millions rounded to 1 decimal place. Negative amounts should be indicated by a minus sign.) - Increase in sales (SALES) - Increase in cost of sales as a percent of sales (COGS\%) - Increase in other operating expenses as a percent of sales (OPEX\%) - Increase in income tax rate (TAX RATE)