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The comparative financial statements for Chinook Company are below

	Year 2	Year 1
Income statement
Sales revenue	$ 191,000	$ 167,600
Cost of goods sold	113,700	101,800
Gross profit	77,300	65,800
Operating expenses and interest expense	57,000	54,000
Pretax income	20,300	11,800
Income tax	6,090	3,540
Net income	$ 14,210	$ 8,260
Balance sheet
Cash	$ 5,100	$ 6,700
Accounts receivable (net)	15,500	17,200
Inventory	40,900	33,700
Property and equipment (net)	45,500	36,900
Total assets	$ 107,000	$ 94,500
Current liabilities (no interest)	$ 14,700	$ 15,700
Long-term liabilities (interest rate: 8%)	44,400	44,400
Common stock ($5 par value, 5,100 shares outstanding)	25,500	25,500
Retained earnings	22,400	8,900
Total liabilities and stockholders' equity	$ 107,000	$ 94,500

Required:

Complete the following columns for each item in the preceding comparative financial statements:

CHINOOK COMPANY
Income Statement
	Increase (Decrease)
	from Year 1 to Year 2
	Amount	Percent
Sales revenue			%
Cost of goods sold			%
Gross profit			%
Operating expenses and interest expense			%
Pretax income			%
Income tax			%
Net income			%

Complete the following columns for each item in the preceding comparative financial statements:

CHINOOK COMPANY
Balance Sheet
	Increase (Decrease)
	from Year 1 to Year 2
	Amount	Percent
Cash			%
Accounts receivable (net)			%
Inventory			%
Property and equipment (net)			%
Total Assets			%
Current liabilities (no interest)			%
Long-term liabilities (interest rate: 8%)			%
Common stock ($5 par value, 5,100 shares outstanding)			%
Retained earnings			%
Total liabilities and stockholders' equity			%