The following data is available for Rapid Retail.

Comparative Statements of Income
	December 31
(In thousands of dollars)	2008	2007
Net sales	$30,000	$28,000
Cost of goods sold	$20,000	$19,500
Gross profit	10,000	8500
Selling, general and administrative expense	3000	2900
Operating income	7000	5600
Interest expense	100	80
Income before taxes	6900	5520
Income tax expense	2000	1600
Net income	$4,900	$3,920

Required:

a. Complete the increase/decrease in dollars and percent.

b. Comment on trends analysis.