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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 theAmount and % columns
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 $ 3600,0002,700,000 1,400,000O 1,300,000 B46 00 854,000 6,400 Net sales Cost of goods sold 2.190,000 1410,000 B30 000 580,000 10.800 50 800 102,000 Gross prof Operating expenses Operating income Other income (expense) ncome hetore tax ncome tax cxpensc Net income 144,000 $408,800 516,400
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