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Business, 08.01.2020 00:31 jakijakicarrillo12

Revenue and expense data for innovation quarter inc. for two recent years are as follows: current year previous year sales $581,000 $517,000 cost of goods sold 313,740 237,820 selling expenses 104,580 113,740 administrative expenses 116,200 98,230 income tax expense 17,430 25,850 a. prepare an income statement in comparative form, stating each item for both years as a percent of sales. if required, round percentages to one decimal place. enter all amounts as positive numbers.

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