Question: ABC Inc. has a condensed income statement as shown. Year 2 Year 1 Sales $197,000 $155,000 Total operating expenses $163,000 $147,500 Net income $34,000 $7,500

ABC Inc. has a condensed income statement as shown.

Year 2 Year 1
Sales $197,000 $155,000
Total operating expenses $163,000 $147,500
Net income $34,000

$7,500

Using horizontal analysis, calculate:

1. The amount changed in sales

2. Percent change for sales. Round to one decimal place.

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