Revenue and expense data for Soldner Inc. are as follows:

a. Prepare an income statement in comparative form, stating each item for both 2014 and 2013 as a percent of sales. Round to one decimal place.
b. Comment on the significant changes disclosed by the comparative incomestatement.

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2014 2013 Sales Cost of goods sold Selling expenses Administrative expenses Income tax expense 0 $1,450,000 812,000 261,000 232,000 72,500 1,500,000 930,000 210,000 255,000 52,500