The following financial statements are for Volorine come statement For Year Ended December 31, 2014, 2015 and 2017 Bwances December 2014, 2011, 2012 2014 2013 2012 2014 632.000 50 200 553.800 67.300 Cost of goods sold 64.000 12.000 320,000 310,100 371.000 Short comments 67 000 47 000 Gross profit from 312.800 278.100 282.800 Account 47.700 50.400 30 Operating expenses 120.000 114,100 141.000 Merchandise 17,400 1000 100 Operating income 100 164.000 141.200 Prepaid 3,100 3000 Interest expen 2000 3.250 4.000 Not receive in 2017 7.500 7,000 100 Income before 153,000 160.750 187.150 Property and 204.000.000 227,000 income taxes 34400 30300 6300 Yo 200 154000 Net inom 140.500 1304450 100.650 Accounts par 14.00 27600 saya 4400 700 40 Property 27.100 3 Long.com.np 33000 35.000 000 She capital 20.000 200.000 2.30.000 Retained mig 120750 164.00 100 DO ondul 45.200 450.500 00 Compute the gross margin below, and indicate whether the change from year to year is favorable or unfavourabi. For your an, um her hand constant analysis in very general terms. All values should be accurate to at least two decimal places Gross marg SAVE AND CLOSE