Rate of Change Analyses Teicher Company presents the following condensed comparative ir come statements for 2015 2016, and 17: For Years Ended December 31 2017 2016 2015 Sales (net) Cost of goods sold Gross profit Operating expenses Operating income Other items: $120,000 $100,000 $85,000 (72,000) (55,000)(45,000) $48,000 $45,000 $40,000 (22,000) (20,000) (18,000) $26,000$25,000$22,000 Dividend revenue 400 (1,200) $25,200 (8,200) (1,000) $24,500 (8,000) $16,500 6,000 200 00) $21,780 (6,000) $15,700 Interest expense Income before income taxes Number of common shares Earnings per share Required: 5,000 $2.83