Ch 15 Exercises Seved Help Save & E Submit Check my work 1. Sales Renate Sales, Ltd Comparative Income Statement This Year Last Year $7.310.00 $5,555,600 Cost of goods sota 4.790,00 3.513,540 Selling and administrative expenses Selling expenses 1,50,500 Ministrative expenses 710.000 $14.140 2.883, 1.095,000 Net operating income 4. 347, Interest expense 186. 91.00 Net Income before takes $ 331,000 256,100 Book #5 Members of the company's board of directors are surprised to see that net income increased by only $74,900 when sales increased by SU54,400. Required: Balss each year's income statement in common size percentages. Round your percentage answers to decimal place le 01234 should be entered as 12.3):) This Yew 00 Saree Cost of goods sold Gun Seting and drove experts Seling experts Arrative pense Tonditives Not operating come repente Not income before 00% OD 00 00 00 Grow Prey 103 Next >