Complete the following horizontal analyses of Dragonfly Corporation€™s income statement. What was the largest percentage increase in expenses? What was the largest percentage decrease in expenses? What would explain the changes?

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Percent Change Change (in millions) Sales Cost of Goods Sold 2016 2015 $63.762 $1,890 30,096 31.794 15,897 7.844 142 7911 2,769 S 5,290 5.142 33,092 30,670 15,335 Gross Profit Selling. General, and Administrative Expenses Research and Development Expense Interest Expense Earnings Before Provision for Taxes Provision for Taxes Net Income 145 8,138 2,848