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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 Sold935814
Selling Expenses154121
General Expenses8877
Other Revenue47
Interest Expense29
Income Taxes13466

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

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