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TREN CORPORATION COMPARATIVE INCOME STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2013 & 2014 (IN THOUSAND PESOS) Common Size 2014 2013 2014 2013 Sales 580,000.00 400,000.00 Less: Cost of Goods Sold 380,000.00 280,000.00 Gross Income 200,000.00 120,000.00 Add: Other Income 25,000,00 9,600.00 Total Income 225,000.00 129,600.00 Less: Other Expenses 12,500.00 14,400.00 14,400.00 19,000.00 Total Expenses 26,900.00 19,000.00 Net Income Before Taxes 198, 100.00 1 10,600.00 Less: Income Tax 32,300.00 35,392.00 Net income after Taxes 165,800.00 75,208.00 Financial Statement Analysis, Interpretation and Conclusion: TREN Corporation