Revenue and expense data for Gresham Inc. for two recent years are as follows: a. Prepare an income statement in comparative form, stating each item for both years as a percent of sales. Round to one...

Revenue and expense data for Gresham Inc. for two recent years are as follows:

a. Prepare an income statement in comparative form, stating each item for both years as a percent of sales. Round to one decimal place.

b. Comment on the significant changes disclosed by the comparative income statement.