Q5. The following condensed income statement is for Boston Inc. (8marks) Boston Inc. Income Statement Years ended December 31, 2020 and 2019 (in thousands) Net sales Cost of goods sold Gross margin Selling and administrative expenses Operating income Other expense, net Income before taxes Income tax expense Net income 2020 $ 20,000 13,000 7,000 3,000 4,000 300 3,700 800 $ 2,900 2019 $13,000 9,000 4,000 2,000 2,000 200 1,800 400 $ 1,400 Required: Prepare a trend analysis of the income statements from 2019 to 2020. (Round percent computations to one decimal place.)