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Revenue and expense data for Young Tachnologies Inc. are as follows: Year 1 Year 2 $500,000 $440,000 Sales 242,000 Cost of apods sold 325,000 79,200
Revenue and expense data for Young Tachnologies Inc. are as follows: Year 1 Year 2 $500,000 $440,000 Sales 242,000 Cost of apods sold 325,000 79,200 70,000 Seling expense Administrative expenses 75,000 70,400 Income tax expense 10,500 16,400 Required: a. Prepare an income statement in comparative form, stating each item for both years as an amount and as a percent of sales. Round percentage amounts to nearest whole percent. Young Technologies Inc
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