Matuska Tools Corporation s income statements follow Required 1
Matuska Tools Corporation’s income statements follow.

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Required
1. Prepare a multistep income statement for 2013 and 2014 showing percentages of net sales for each component (e.g., cost of goods sold divided by net sales). (Round percentages to one decimal place.)
2. Did income from operations increase or decrease between 2013 and 2014? Write a short explanation of why this change occurred.

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