9:13 PM HW 7 - Chapter 16.pdf - Saved 10. LITTKMS PCiTUITION LO STATUTTOTUCI varu Trend Analysis E2B. ACCOUNTING CONNECTION Using 2010 as the base year, prepare a trend analy- sis of the data that follow, and tell whether the situation shown by the trends is favorable or unfavorable. (Round to one decimal place.) Net sales Cost of goods sold General and administrative expenses Operating income 2014 $25,520 17,220 5,280 3,020 2013 $23,980 15,400 5,184 3,396 2012 $24,200 15,540 5,088 3,572 2011 $22,880 14,700 4,896 3,284 2010 $22,000 14,000 4,800 3,200 Horizontal Analysis E3B. ACCOUNTING CONNECTION Compute the amount and percentage changes for Mason Company's comparative balance sheets, and comment on the changes from 2013 to 2014. (Round to one decimal place.)