Problem 7 The Rocky Mountain Inn's summarized income statements (in millions) for years 20X1-20X5 are as follows: Sales Direct labor Operating supplies Administrative Marketing 20X1 20X2 20X3 $ 15.4 $ 18.0 $21.0 20X4 $22.0 5.0 6.5 7.0 7.0 20X5 $ 25.0 8.0 1.0 1.2 1.4. 1.3 1.5 1.2 1.3 1.4 1.3 1.5 0.8 0.9 1.2 1.3 2.0 Maintenance Utilities 2.1 2.3 2.5 3.1 3.0 1.3 1.2 1.5 1.5 2.0 Fixed charges 2.0 1.9 1.8 1.7 1.5 Income taxes .4 1.0 1.2 1.8 1.5 Net income $ 1.6 $ 1.7 $ 3.0 $ 3.0 $ 4.0 Required: 1. Prepare trend percentages for years 20X1-20X5. See Exhibit 3 for guidance. 2. What significant trends require management's attention?