education.wiley.com (75) Eagles Coordinator... Bb Course Project - ACCT... [Bb] ACCT326-Online - ACC... W NWP Assessment Build... W NWP Assessment Playe... Course Hero C < > Final Exam Question 17 of 35 < > View Policies Current Attempt in Progress The comparative income statements of Sheridan Development Corporation are as follows: SHERIDANDEVELOPMENT CORPORATION Comparative Income Statements For the Years Ended December 31 - / 15 123 Question List Question 1 Dropdown Sco Question 2 Accounting Dropdown Question 3 Multiple Choice December 31, 2020 Question 4 Multiple Choice December 31, 2021 Net sales $744,000 $590,000 Cost of goods sold 472,440 385,860 Gross profit 271,560 204,140 Operating expenses 171,120 126,850 Net income $100,440 $77,290 esc Question 5 Multiple Choice Question 6 Multiple Choice Prepare a horizontal analysis of the income statement data for Sheridan Development Corporation using 2020 as a base. (Round percentages to 1 decimal place, e.g. 12.1%.) SHERIDANDEVELOPMENT CORPORATION Condensed Income Statement For the Years Ended December 31 Question 7 Accounting Multistep Question 8 Multiple Choice Question 9 Multiple Choice 20 F3 Increase or (Decrease) During 2020 000 FS Question 10