The comparative income statements of Patrick Quayson Company follow. Calculate trend percent for all components of the income statements using 2021 as the base year. Each formula must include the Round function, rounding all percent to 2 decimal places. (XXX.XX%)

Patrick Quayson Company

Comparative Income Statements

For Years Ended December 31, 2025-2021

Sales $69,000 $62,000 $57,000 $48,000 $42,000

Cost of goods sold 41,000 38,000 30,000 29,000 27,000

Gross Profit 28,000 24,000 27,000 19,000 15,000

Operating expenses 17,000 15,000 14,000 11,000 10,000

Net income $11,000 $9,000 $13,000 $8,000 $5,000

2025 2024 2023 2022 2021

Sales

Cost of goods sold

Gross profit

Operating expenses

Net income