Required information Complete this question by entering your answers in the tabs below.

Income Statement

Balance Sheet

Complete the following columns for each item in the preceding comparative financial statements:

Note; Enter your percentage answers rounded to $2$ decimal places $($i$.$e$.0\mathrm{.}1234$ should be entered as $12\mathrm{.}34).$ Decreases should be indicated by a minus sign.

$\backslash$table$[[$CHINOOK COMPANY$],[$Income Statement$],[,$Increase $($Decrease$)],[,$from Year $1$ to Year $2],[,$Amount,Percent,$],[$Sales revenue,,,$\%],[$Cost of goods sold,,,$\%],[$Gross profit,,,$\%],[$Operating expenses and interest expense,,,$\%],[$Pretax income,,,$\%],[$Income tax,,,$\%],[$Net income,,,$\%]]$

Income

Statement

Balance Sheet

Complete the following columns for each item in the preceding comparative financial statements:

Note; Enter your percentage answers rounded to $2$ decimal places $($i$.$e$.0\mathrm{.}1234$ should be entered as $12\mathrm{.}34).$ Decreases should be indicated by arminus sign.

$\backslash$table$[[$CHINOOK COMPANY$],[$Balance Sheet$],[,$Increase $($Decrease$)],[,$from Year $1$ to Year $2],[,$Amount,Percent,$],[$Cash$,,,\%],[$Accounts receivable $($net$),,,\%],[$Inventory$,,,\%],[$Property and equipment $($net$),,,\%],[$Total Assets,$$,,\%],[$Current liabilities $($no interest$),,,\%],[$Long$-$term liabilities $($interest rate: $8\%),,,\%],[$Common stock $($$$5$ par value, $5,700$ shares outstanding$),,,\%],[$Retained earnings,,,$\%],[$Total liabilities and stockholders' equity,$$,,\%]]$

$[$The following information applies to the questions displayed below.$]$

The comparative financial statements for Chinook Company are below

$\backslash$table$[[,$Year $2,$Year $1],[$Income statement$],[$Sales revenue,$$190,300,$$$167,600],[$Cost of goods sold,$113,900,101,600],[$Gross profit,$76,400,66,000],[$Operating expenses and interest expense,$56,800,53,800],[$Pretax income,$19,600,12,200],[$Income tax,$5,880,3,660],[$Net income,$$13,720,$$$8,540],[$Balance sheet$],[$Cash$,$$$5,300,$$$6,500],[$Accounts receivable $($net$),15,900,17,000],[$Inventory$,40,500,33,800],[$Property and equipment $($net$),45,000,37,100],[$Total assets,$$106,700,$$$94,400],[$Current liabilities $($no interest$),$$$15,500,$$$16,500],[$Long$-$term liabilities $($interest rate: $81),44,900,44,900],[$Common stock $($ $$5$ par value, $5,700$ shares outstanding$),28,500,28,500],[$Retained earnings,$17,800,4,500],[$Total liabilities and stockholders' equity,$$106,700,$$$94,400]]$

Required:

Complete the following columns for each item in the preceding comparative financial statements: