saved mework Exercise 17-5 Determining income effects from common-size and trend percents LO P1, P2 Common-size and trend percents for Rustynall Company's sales, cost of goods sold, and expenses follow, Connor Site Percents Trend Percenta Current Ty 1 Ir ago 2 Yrs ago Current Yr 1 yr ago Sales 100.0% 100.0% 100. OK 105. 2x 104 OX Cost of goods sold 63.4 612 571 1168 111.5 Tetapes 14.4 13.9 14 2 101 a 2 Yrs Age 100 OK 100 0 1000 106 8 Determine the net income for the following years Did the net income increase, decrease, or remain unchanged in this three year period? Complete this question by entering your answers in the tabs below. Net Income change in Net Income Determine the net income for the following years. (Enter all amounts as positive values.) Current y 1 Yr Ago Coat of Goods God Total Expenses 2 Yrs Ago 5 100.000 57.100 14200 20,700 Change in Not Income> Exercise 17-5 Determining income effects from common-size and trend percents LO P1, P2 Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Trend Percents 1 Yr Age Sales Cost of woods sold Total expenses Common-Site Percents Current Yt 1 Yr o 2 Yrs ago 100.0% 100, ON 100.0 63.4 61.2 57.1 14.4 139 14.2 Current Yr 105. 2x 116.8 10 104.08 111.5 101.8 2 Yrs Ago 100.0% 100.0 100.0 Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three-year period? Complete this question by entering your answers in the tabs below. Net Income Change in Net Tricome Did the net income increase, decrease, or remain unchanged in this three-year period? Did the not incomo increase, decrease, or remain unchanged in this three year period?