S12-2. Horizontal analysis (Learning Objective 2) 10-15 min. Wolfe, Inc., had net sales of $212,000 and cost of goods sold of $128,000 in 2016; net sales of $263,000 and cost of goods sold of $161,000 in 2017; and net sales of $325,000 and cost of goods sold of $200,000 in 2018 . 1. Find the percentage of increase in net sales from 2016 to 2017 and from 2017 to 2018. Round your answer to the nearest tenth of a percent. 2. Find the percentage of increase in gross profit from 2016 to 2017 and from 2017 to 2018 . Round your answer to the nearest tenth of a percent. 1. Find the percentage of increase in net sales from 2016 to 2017 and from 2017 to 2018 2. Find the percentage of increase in gross profit from 2016 to 2017 and from 2017 to 2018