$\backslash$table$[[1,,$This Year,Last Year$],[2,$Sales,$$950,000\mathrm{.}00,$$$900,000\mathrm{.}00],[3,$Less: Cost of goods sold,$(500,000\mathrm{.}00),(490,000\mathrm{.}00)],[4,$Gross margin,$$450,000\mathrm{.}00,$$$410,000\mathrm{.}00],[5,$Less operating expenses:,,$],[6,$Selling and Administrative expenses,$(275,000\mathrm{.}00),(260,000\mathrm{.}00)],[7,$Operating income,$$175,000,00,$$$150,000\mathrm{.}00],[8,$Less:,,$],[9,$Interest expense,$(12,000\mathrm{.}00),(18,000\mathrm{.}00)],[10,$Net income before taxes,$$163,000\mathrm{.}00,$$$132,000\mathrm{.}00],[11,$Less:,,$],[12,$Income taxes,$(65,200\mathrm{.}00),(52,800\mathrm{.}00)],[13,$Net income after taxes,$$97,800\mathrm{.}00,$$$79,200\mathrm{.}00],[14,$Less:,,$],[15,$Dividends,$(27,800\mathrm{.}00),(19,200\mathrm{.}00)],[16,$Net income, retained,$$70,000\mathrm{.}00,$$$60,000\mathrm{.}00]]$

Required:

Compute the percentage change for each item on the following financial statements:

A$.$ balance sheet

B$.$ income statement

CONCEPTUAL CONNECTION Comment on any significant trends. $\backslash$table$[[,,,],[1,,$This Year,Last Year$],[2,$Assets,,$],[3,$Current assets:,,$],[4,$Cash,$$50,000\mathrm{.}00,$$$100,000\mathrm{.}00],[5,$Accounts Receivable, net,$300,000\mathrm{.}00,150,000\mathrm{.}00],[6,$Inventory,$600,000\mathrm{.}00,400,000\mathrm{.}00],[7,$Prepaid expenses,$25,000\mathrm{.}00,30,000\mathrm{.}00],[8,$Total current assets,$$975,000\mathrm{.}00,$$$680,000\mathrm{.}00],[9,$Property and equipment, net,$125,000\mathrm{.}00,150,000\mathrm{.}00],[10,$Total assets,$$1,100,000\mathrm{.}00,$$$830,000\mathrm{.}00],[11,$Liabilities and Stockholders' Equity,,$],[12,$Current liabilities:,,$],[13,$Accounts payable,$$400,000,00,$$$290,000\mathrm{.}00],[14,$Short$-$term notes payable,$200,000\mathrm{.}00,60,000\mathrm{.}00],[15,$Total current liabilities,$$600,000\mathrm{.}00,$$$350,000\mathrm{.}00],[16,$Long$-$term bonds payable, $12\%,100,000\mathrm{.}00,150,000\mathrm{.}00],[17,$Total liabilities,$$700,000\mathrm{.}00,$$$500,000\mathrm{.}00],[18,$Stockholders' equity:,,$],[19,$Common stock $(100,000$ shares$),200,000\mathrm{.}00,200,000\mathrm{.}00],[20,$Retained eamings,$200,000\mathrm{.}00,130,000\mathrm{.}00]]$