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Business, 05.07.2019 04:20 paolaviviana

Revenue and expense data for young technologies inc. are as follows: year 2 year 1 sales $500,000 $440,000 cost of goods sold 325,000 242,000 selling expense 70,000 79,200 administrative expenses 75,000 70,400 income tax expense 10,500 16,400 required: a. prepare an income statement in comparative form, stating each item for both years as an amount and as a percent of sales. round percentage amounts to nearest whole percent. young technologies inc. comparative income statement for the years ended december 31, year 2 and year 1

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