Required Information [The following information applies to the questions displayed below) The comparative financial statements prepared at December 31, 2015, for Prince Company showed the following summarized dots: 2015 2014 Income statement Sales revenue $190,500" $167,300 Cost of goods sold 112.600 101700 Gross profit 77900 65,600 Operating expenses and Interest expense 56,400 53.400 Pretax income 21,500 12,200 Income tax 6,450 3.660 Net Income $15.050 $8.540 Balance sheet Cash Accounts receivable net Inventory Operational assets (net) $ 4,000 14.600 40.900 46,600 $106.000 $ 6,800 17.300 33,000 37,400 $94,500 $ 94,500 Current liabilities in Interest Long-term liabilities (10% Interest Common stock ar $5) Retained earnings $ 15,100 44.600 29,500 16.900 $ 16,100 44600 29,500 4.300 $106.000 $ 94,500 *One-third was credit cales. Required: 1. Complete the following columns for esch Item in the preceding comparative financial sistements: {Round your percentage answers to 2 decimal places.ll.e., 0.1234 should be entered as 12.34). Decreases should be indicated by a minus sign.) PRINCE COMPANY Income Statement At December 31, 2015 Inoreaca (Deoreaca 2015 over 2014 Amount Parcent Sales revenue Cost of goods sold Gross profit Operating expenses and interest expense Pret income Income Not income PRINCE COMPANY Balance Sheet At December 31, 2015 Inoreaca (Degreaca 2016 over 2014 Amount Parcent Cach Accounts receivable (net) Inventory Operational cost Current abilities in interest Long-terminat Common sock (par SS) Ratinadamings