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Problem #1 Horizontal Analysis Estrada, Inc. is concerned about the level of its advertising and office salaries expense. Selected statement of comprehensive income data from 2017 to 2019 appear below: 2019 2018 2017 Sales P140,000 P60,000 P37,500 Gross Profit 89,600 37,200 22.500 Advertising Expense 7,000 3,300 2.250 Office Salaries Expense 22,400 9,000 4,500 Profit 30,800 13,800 9,000 Required: Calculate trend percentages for sales, advertising expense and office salaries expense. Use 2017 as the base year. Round to the nearest percent.Problem #2 Common-Size Statement of Comprehensive Income Required: Convert the following statement of comprehensive income into a common-six statement: Net Sales P180,000 Cost of Goods Sold 99,000 Gross Profit P 81,000 Operating Expenses: Distribution Costs P43,200 General and Administrative Expenses 16,200 59,400 Profit before Income Taxes P 21,600 Provision for Income Taxes 7,560 Profit P 14,040