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Review Just Running's income statement below. 4 7 5 Category 6 Revenue 8 9 10 11 12 13 14 15 16 17 18 Just

Review Just Running's income statement below. 4 7 5 Category 6 Revenue 8 9 10 11 12 13 14 15 16 17 18 Just Running Income Statement Net sales 23 A Cost of goods sold Operating expenses Selling, general, and administrative expenses Interest expense Income tax expense Total operating expenses Other income and expenses Other income 21 Category Gross profit Gain on financial instruments 22 Net income Net sales Net income This Year A B This Year $3,250,615.00 $1,989,483.00 $1,261,132.00 $657,178.00 $8,755.00 $145,509.00 $811,442.00 B $12,312.00 $4,668.00 $466,670.00 Last Year Using the figures from the income statement above, find the change in net sales and the change in net income from last year to this year. Use the Excel formula for subtraction: this year-last year $2,887,545.0 $1,876,904.0 $1,010,641.00 Last Year $577,118.0 $6,218.0 $103,970.0 $687,306.00 C $9,399.0 $3,671.0 $336,405.00

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