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Review the following Income Statements for 2020 and 2021. Describe at least three possible reasons for the changes that occurred in 2021. Be creative!

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Review the following Income Statements for 2020 and 2021. Describe at least three possible reasons for the changes that occurred in 2021. Be creative! Daisy Mae Company Income Statement 2021 2020 Service Revenue $50,000 $25,000 Operating Expenses: Salaries Expense 15,000 10,000 Rent Expense 5,000 5,000 Total Expenses 20,000 15,000 Net Income $30,000 $10,000

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