this is the format being referred to

& 20. Trend Analysis. The following condensed income statement is for CarMax, Inc., a large retailer of used vehicles. SALES AND OPERATING REVENUES: 2019 2018 REVENUES 20,319,987 18,173,100 TOTAL COST OF SALES 17,597,647 15,692,509 GROSS PROFIT 2,722,340 2,480,591 CARMAX AUTO FINANCE INCOME 456,030 438,690 Selling, general and administrative expenses 1,940,067 1,730,275 Interest expense 83,007 75,792 Other (income) expense (5,690) 408 Earnings before income taxes 1,160,986 1,112,806 Income tax provision 272,553 270,393 $ $ NET EARNINGS 888,433 842,413 Required: 1. Prepare a trend analysis of the income statements from 2018 to 2019. Use the format shown in the chapter as a guide. (Round computations to one decimal place.) What does the trend analysis prepared in requirement a tell you about the company? Figure 7.1 Income Statement Trend Analysis for Coca-Cola Percent 2019 2018 Change Change Revenues $ 37,266 2,966 8.6% $ 34,300 13,067 14,619 1,552 11.9% Resour 22,647 21,233 1,414 6.7% Cost of Goods and Services Sold GROSS PROFIT Selling, General and Administrative Expense Other Cost and Expense, Operating OPERATING INCOME 12,103 11,002 1,101 10.0% 458 1,079 (621) (57%) Libraries 10,086 9,152 934 10.2%