Required: growth since its formation in 2017. Following is selected data Item Sales Cost of Goods Sold Net Income Total Assets Number of Books Sold 2019 2018 2017 $840,000 2020 $1,512,000 $1,164,000 $1,000,000 $1,165,200 $717,000 $610,000 $504,000 $63,600 $55,200 $46,800 $42,000 $1,320,000 $1,076,400 $921,600 $763,000 171,406 146,384 126,400 135,561 a Perform a horizontal common-size analysis of the data given. 15 marks] Item Sales Cost of Goods Sold Net Income Total Assets Number of Books Sold b. Comment on the results [3 marks, 1 mark each] 1 Sales/COGS 2020 2019 2018 2017