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The following information is taken from the records of Erie Corp.(in thousands) for the year ended on December 31: 2019 2018 Sales $1,397 $1,122 Cost

The following information is taken from the records of Erie Corp.(in thousands) for the year ended on December 31:

2019

2018

Sales $1,397 $1,122
Cost of Goods Sold 935 814
Selling Expenses 154 121
General Expenses 88 77
Other Revenue 4 7
Interest Expense 2 9
Income Taxes 134 66

After preparing a vertical analysis of this income statement data, what were the favorable and unfavoralbe changes?

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