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I need help Walker Company had the following income statement to be used in horizontal analysis: 2019 2018 Sales $ 900,000 $ 1,000,000 Cost of

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Walker Company had the following income statement to be used in horizontal analysis: 2019 2018 Sales $ 900,000 $ 1,000,000 Cost of Goods Sold 513,000 600,000 Gross Profit 387,000 400,000 Operating Expenses 220,500 240,000 Income Before Taxes 166,500 160,000 Income Tax Expense 49,950 48,000 Net Income $ 116,550 $ 112,000Required: Examine cost of goods sold and compute the following. Indicate for each whether the change is an increase or a decrease: 1. Compute the change in dollar amount from 2018 to 2019. 2. Compute the percentage change from 2018 to 2019. Round your answer to two decimal places. Increase or Amount of Percent of Decrease Change Change Increase $ [I I] Elia D Decrease

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