For the following financial statement items, calculate trend percentages using 2016 as the base year:

	Majid Corporation Comparative Income Statement For the year ended December 31,
	2,020	2,019	2,018	2,017	2,016
Sales	1,225,400	1,100,000	950,000	980,200	840,000
Cost of sales	825,000	765,000	660,000	640,700	645,000
Gross Profit	400,400	335,000	290,000	340,000	195,000

Answer

	Majid Corporation Comparative Income Statement For the year ended December 31,
	2,020	2,019	2,018	2,017	2,016
Sales
Cost of sales
Gross Profit