Tead PROBLEM CAMBRIDGE Limited Required: Express the following income statement information in common-size percentages and in trend percentages using Year 1 as the base year (round to nearest percentage ANSWER: Besham Co. Comparative Income Statement For the Years Eaded December 31. Commen Size Tread Percentage Year 2 Year 1 Year 2 Year 1 Year 2 Year 1 Sales $450,000 $445.000 12 Cost of goods sold 175.000 185.000 -5% Gross profit $275,000 $260,000 6% Openting expose 65.400 42,000 56% Operating income $209,600 $218.000-4