1. Prepare a comparative income statement for the two-year period, presenting an analysis of each item in relationship to net sales for each of the years. Enter percentages as whole numbers. Enter all amounts as positive numbers.

Othere Technology Company
Comparative Income Statement
For the Years Ended December 31, 2014 and 2013
		2014 Amount		2014 Percent		2013 Amount		2013 Percent
Sales		$ 700,400		%		$ 596,700		%
Sales returns and allowances		20,400		%		11,700		%
Net sales		$ 680,000		%		$ 585,000		%
Cost of goods sold		353,600		%		333,450		%
Gross profit		$ 326,400		%		$ 251,550		%
Selling expenses		$ 142,800		%		$ 117,000		%
Administrative expenses		74,800		%		76,050		%
Total operating expenses		$ 204,000		%		$ 193,050		%
Income from operations		$ 122,400		%		$ 58,500		%
Other income		27,200		%		35,100		%
Income before income tax		$ 149,600		%		$ 93,600		%
Income tax expense		61,200		%		35,100		%
Net income		$ 88,400		%		$ 58,500		%