Part A: % applicable to Sales Revenue = -8%

Income Statements For the Years Ended December 31 Increase (Decrease) Amount % Sales revenue Cost of goods sold Gross profit Operating expenses Operating income Other income (expense) Income before tax Income tax expense Net income 2021 $247,112 $180,120 566,992 $44,116 $22,876 $4,825 $18,051 $4,635 $13,416 2020 $268,600 $189,600 $79.000 $41,000 $38,000 $5,000 $33,000 $9,000 $24,000 Part(a) Perform trend analysis by completing the "Amount" and "%" columns above. Use the early year as the base year. Part (b) 1 On a percentage basis, which income statement item realized the largest relative increase? a On a percentage basis, which income statement item realized the largest relative decrease