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Instructions Revenue and expense data for Bluestem Company are as follows: Year 2 Year 1 Administrative expenses $37,000 $20,000 350,000 320,000 32,000 800,000700,000 150,000110,000 Cost

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Instructions Revenue and expense data for Bluestem Company are as follows: Year 2 Year 1 Administrative expenses $37,000 $20,000 350,000 320,000 32,000 800,000700,000 150,000110,000 Cost of goods sold Income tax Sales Selling expenses 40,000 Required: o Prper ompurtle nac arative income statement, with vertical analysis, stating each item for both years as a percent of sales. Round your percentages to one decimal place. Enter all amounts as positive numbers Refer to the Accounts and Amount Descriptiong for correct wording of text entries (b) Comment upon significant changes disclosed by the comparative income statement

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