Use the following selected information from Whitman Corp. to determine the Year 1 and Year 2 trend percentages for cost of goods sold using Year 1 as the base.

Net sales Cost of goods sold Operating expenses Net earnings Year 2 Year 1 $285,700 $233,300 150,000 131,490 53,340 51,340 29,920 21,720 Multiple Choice 52.5% for Year 2 and 56.4% for Year 1. 68.2% for Year 2 and 64.6% for Year 1. O 122.5% for Year 2 and 100.0% for Year 1, O J 35.6% for Year 2 and 39.0% for Year 1. 114.1% for Year 2 and 100.0% for Year 1. O