The comparative income statements and balance sheets of Sarot, Inc., appear on the opposite page. Compute the amount and percentage changes for the income statements, and comment on the changes from 2009 to 2010. (Round the percentage changes to one decimal place.)

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Sarot, Inc. Comparative Income Statements For the Years Ended December 31, 2010 and 2009 2010 2009 Net sales $720,000 448,000 $272,000 160,000 $112,000 28,000 $ 84,000 28,000 $ 56,000 $580,000 352,000 $228,000 120,000 $108,000 20,000 $ 88,000 32,000 $ 56,000 2.80 Cost of goods sold Gross margin Operating expenses Operating income Interest expense Income before income taxes Income taxes expense Net income Earnings per share 2.80 Sarot, Inc. Comparative Balance Sheets December 31, 2010 and 2009 2010 2009 Assets $ 96,000 520,000 $616,000 $ 80,000 400,000 $480,000 Current assets Property, plant, and equipment (net) Total assets Liabilities and Stockholders' Equity $ 72,000 360,000 184,000 Total liabilities and stockholders' equity $616,000 $ 88,000 240,000 152,000 $480,000 Current liabilities Long-term liabilities Stockholders' equity