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The income statements for Anything Tennis for the years ending December 31, 2018 and 2017, are provided below Required 1. Complete the Amount and %
The income statements for Anything Tennis for the years ending December 31, 2018 and 2017, are provided below Required 1. Complete the "Amount" and "%" columns to be used in a horizontal analysis of the income statements for Anything Tennis. (Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) ANYTHING TENNIS Income Statements For the Years Ended December 31 Increase (Decrease) 2018 2017 Net sales $ 3,675,000 2,760,000 1.415.000 1.345,000 658,000 687,000 6,700 693,700 147,000 $ 517,900$ 546,700 2,220,000 1,455,000 845,000 610,000 11,400 621.400 103,500 Cost of goods sold Gross profit Operating expenses Operating income Other income (expense) Income before tax Income tax expense Net income
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