Question #3 A. ABC Company accountants generated the following data. Prepare an Income Statement (IS) for years 2015 thru 2019: (5 points) 2015 $1,999 $223 2016 $2,419 $201 $193 2017 $2,927 $181 Cost of Goods Sold (COGS) Depreciation Expense General & Administrative Expense 2018 $3,542 $163 2019 $4,286 $147 $187 $199 $205 $211 Interest Expense $91 Lease Expense Preferred Stock Dividends Sales Revenues Selling Expense Taxes $91 $41 $10 $3,529 $108 $264 $41 $10 $3,882 $124 S244 $91 $41 $10 $4,270 $143 $206 $91 $41 $10 $4,697 $164 $147 $91 $41 $10 $5,167 $189 $61 B. What is the primary reason ABC Company's Net Income has continued to decrease each year, despite increasing sales? (2 points) C. You are the CFO; give your best recommendation to the CEO that you believe would change the negative trend and improve profits? In 50 words or more, explain how it could be effective. (3 points) (Note: your recommendation must be feasible, logically related to the primary reason identified in part B, and reasonably expected to be effective)