Required information [The following information applies to the questions displayed below.] The comparative financial statements for Chinook Company are below quired: Complete the following columns for each item in the preceding comparative financial statements: \begin{tabular}{|l|l|l|l|} \hline \multicolumn{2}{|c|}{ CHINOOK COMPANY } \\ \hline & \multicolumn{2}{c|}{ Income Statement } \\ \hline & \multicolumn{2}{|c|}{ Amount } & \multicolumn{2}{|c|}{ Prom Year 1 to Year 2 } \\ \hline & & & % \\ \hline Sales revenue & & & % \\ \hline Cost of goods sold & & & % \\ \hline Gross profit & & & % \\ \hline Operating expenses and interest expense & & % \\ \hline Pretax income & & & % \\ \hline Income tax & & & % \\ \hline Net income & & & % \\ \hline \end{tabular} \begin{tabular}{|l|r|r|} \hline \multicolumn{1}{|c|}{ Balance Sheet } & \multicolumn{1}{|c|}{ Increase (Decrease) } \\ \hline & \multicolumn{1}{|c|}{ from Year 1 to Year 2} \\ \hline Cash & Amount & \multicolumn{1}{|c|}{ Percent } \\ \hline Accounts receivable (net) & & % \\ \hline Inventory & & % \\ \hline Property and equipment (net) & & % \\ \hline Total Assets & & % \\ \hline Current liabilities (no interest) & & % \\ \hline Long-term liabilities (interest rate: 8% ) & & % \\ \hline Common stock (\$5 par value, 5,600 shares outstanding) & & % \\ \hline Retained earnings & & % \\ \hline Total liabilities and stockholders' equity & & % \\ \hline \end{tabular}