Percentage changes Selected information from the financial statements of Perfectly Baked Cake Co. appears below: 2018 2017 Net Sales 1,692,000 $ 1,600,000 Total Expenses 1,470,000 1,520,000 222,000 $ 80,000 Net Income Compute the percentage change in each of the above items from 2017 to 2018. Use a + or - to indicate increase or decrease. Net Sales Total Expenses Net Income Compute net income as a percentage of net sales in each year. (Round to the nearest one-tenth of 1%) 2017 2018