The following items were taken from the financial statements of Henager, Inc., over a three-year period: Item Net Sales Cost of Goods Sold Gross Profit 2019 2018 $355,000 $340,000 214,000 202,000 $141,000 $138,000 2017 $300,000 186,000 $114,000 (a) Compute the amount and percentage change from 2017 to 2018. (Round percentages to 1 decimal place, Item Amount Percentage Net Sales Cost of Goods Sold % Gross Profit % By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy The following information was taken from the financial statements of Lawson Company: Gross profit on sales Income before income taxes Net income Net income as a percentage of net sales 2019 $900,000 280,000 240,000 8 % 2018 $840,000 230,000 216,000 9 % (a) Compute the net sales for each year. 2019 2018 Net Sales Selected data for Irma's Store appear below. 2019 2018 Net credit sales $800,000 Cost of goods sold Inventory at the end of year Accounts receivable at end of year 600,000 65,000 140,000 $520,000 345,000 85,000 110,000 (a) Compute gross profit rate for 2019. Gross profit rate %