Question 12 10 pts Your Company's Income statement data for the past 2 years follows: Current Last year Net Sales $375,800 $400,600 Cost of goods sold 244.270 272.408 Gross Profit 131,530 128,192 Selling expenses 96,800 94,000 Administrative expenses 28,400 29,800 Federal Income taxes 1.899 1.318 Net Income 4,431 3,074 1. For net sales and net income, calculate the dollar amount and percent of change. Explain what this tells you. 2. For cost of goods sold and gross profit, calculate the common size percent for the both years. Explain what this means. LE BIVA.A. I EX3x X, - 2 11 12pt - Paragraph