Solve the problem. Round to the
nearest tenth.

Find the percent increase (or
decrease) in net sales from last year to this year for the income
statement.

                                                      
This
year                   
Last
Year            
Percent Increase/ Decrease

Gross
Sales                                 
$1,712,000                 
$1,548,000

Returns and
Allowances                 
$15,000                       
$9,000

Net
Sales                                       
$1,697,000                  
$1,539,000

Cost of Goods
Sold                        
$1,162,000             
     $1,036,000

Gross
Profit      
                              $535,000                        
$503,000

Total Operating
Expenses             
$89,000                          
$75,000

Net
Income                                    
$446,000                         
$428,000