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) $336, 24e* $285,000 285,560 241,600 50,680 44,000 33,460 30, 200 17,220 13,800 5,510 4,200 $ 11,710 $ 9,600 Current liabilities (no interest) Non-current liabilities (10% interest) Common shares (6,eee shares) Retained earningst $ 4,380 18,280 52,460 34,270 $ 109,390 $ 12,550 39,830 30, eee 27, ele $ 189,390 $ 8,800 22,600 46,000 29,000 $105,800 $ 15,200 38,800 30,000 21,800 $105,800 *One-third was credit sales. During Year 2, cash dividends amounting to $6,500 were declared and paid. 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 (1.e., 0.1243 should be entered as 12.43).): Answer is complete and correct. Increase (Decrease) Year 2 over Year 1 Amount Percentage S 17.98 51,240 44,560 18.49 15.18 10.79 24.78 >> 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) 6.680 3.260 3,420 1,310 2,110 31.19 21.98 S (4,420) (3,720) 6,460 5.270 3,590 (50.23) (16.91) 14.04 18.17 S 3.39 (2,650) 1,030 (17.43) 2.65 Current liabilities Long-term debt Common shares Retained earnings 0 0.00 23.90 5.210 3,590 S 3.39 2-a. By what amount did working capital change? Answer is complete and correct. Change in working capital S 970 2-b. What was the percentage change in the income tax rate? (Round Intermediate calculations and final answer to 2 decimal places.) Answer is not complete. Percentage change % increase 2-c. What was the amount of cash collections from customers in year 2? Answer is not complete. Amount of cash inflow 2-d. What was the percentage change for the markup realized on sales? (Round Intermediate calculations and final answer to 1 decimal place.) Answer is not complete. Percentage change % decrease