Floatlin Company has the following income statements available:

Floatlin Company

Comparative Statements of Income

For the Years Ending December 31, 2X13 and 2X12

2X13 2X12

Sales $750 $690

Cost of Goods Sold 440 400

Gross Profit $310 $290

Less: Operating Expenses 220 205

Operating Income $ 90 $ 85

Less: Income Tax Expense 40 37

Net Income $ 50 $ 48

Determine the increase or decrease in dollars and percentage for each line in the income statement.