Prepare a financial analysis statement showing both increase or decrease in the amounts that has taken place as well as converting the changes to percentage using information in the table below.

Quality department store income statement for 2019 and 2020

	2020	2019
	K	K
Sales revenue	2,195,000	1,960,000
Sales returns	98,000	123,000
Net sales	2,097,000	1,837,000
Cost of goods sold	1,281,000	1,140,000
Gross profit	816,000	697,000
Selling expenses	235,000	211,500
Administrative expenses	104,000	108,500
Total operating expenses	357,000	320,000
Income from operating expenses	495,000	377,000
Other income and expenses
Interest and dividends	9,000	11,000
Interest expense	36,000	40,500
Income before income tax	432,000	347,500
Income tax expense	168,200	139,000
Net Income	263,000	208,500