Year 2 Year 1 Statement of Earnings Sales revenue Cost of sales Gross margin Operating expenses and interest expense Earnings before income taxes Income tax expense Net earnings Statement of Financial Position Cash Accounts receivable (net) Inventory Property, plant, and equipment (net) $241,700* $205,000 181, B50 153,000 59,850 52,000 45, 510 40,500 14,340 11,500 3,610 2,700 $ 10, 730 $ 8,800 $ 4,230 17,450 44,480 45,500 $111,660 $ 13, 780 43, 150 30,000 24,730 $111, 660 $ 8,500 21,000 39,000 38,500 $107,000 $ 16,500 39,000 30,000 21,500 $107,000 Current liabilities (no interest) Non-current liabilities (10% interest) Common shares (6.000 shares) Retained earningst Required: 1. Complete the following columns for each item in the preceding comparative financial statements (Negative answers should be indicated by a minus sign. Round percentage answers to 2 decimal places fie., 0.3243 should be entered as 12.43).) Increase (Decrease) Year 2 over Year 1 Amount Percentage Statement of earnings Sales revenue Cost of sales Gross margin Operating expenses and interest expense Earnings before income taxes Income tax expense Net earnings Statement of financial position: Cash Accounts receivable (net) Inventory Property, plant, and equipment (net) Current labities Long-term debit Common shares Retained earnings 2-a. By what amount did working capital change? Change in working capital 2-6. What was the percentage change in the income tax rate? (Round intermediate calculations and final answer to 2 decimal places.) Percentage change 2-c. What was the amount of cash collections from customers in year 2? Amount of cash inflow 2.d. What was the percentage change for the markup realized on sales? (Round intermediate calculati decimal place.) Percentage change 96