A Week 5 - Learning Activity 1 X M Question 12 - Week 5 - Learn X *Course Hero C 2% ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmi... DI J Finish update : Week 5 - Learning Activity 1 i Saved Help Save & Exit Submit Check my work 12 Required information For the Years Ended December 31, Part 1 of 2 D Dollar Percent ior Year Change Change Revenues $200,000 $100,000 $100,000 100.0% Cost of goods sold 60,000 25,000 35,000 140.0% Gross profit 140,000 75,000 65,000 86.7% Operating expenses 90,000 60,000 30,000 50.0% Net income $ 50,000 $ 15,000 $ 35,000 233.3% Knowledge Check 01 Compute the dollar change for accounts payable using the following information. Use year 1 as the base year. Accounts Payable balance on Year 1 is $75,000 and on Year 2 is $65,000. O $10,000 O $140,000 O $(10,000) O $(140,000) Mc Graw Hill