Comparative Statements for Warmer Corporation Are Shown Below Calculate Trend Percentages for All Income Statement Amounts Shown and Corporation}\\
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Comparative statements for Warmer Corporation are shown below:
$\begin{array}{c}\text {Warmer Corporation}\\\text {Comparative Income Statements}\\\text {For the years ended December 31}\\\begin{array}{|l|r|r|r|}\hline&2018&2017&2016\\\hline \text { Sales } & \$ 14,800 & \$ 13,229 & \$ 13,994 \\\hline \text { Cost of goods sold } & 8,22 & 8,661 & 8,37 \\\hline \text { Gross profit } & 6,57 & 4,568 & 5,619 \\\hline \text { Operating expenses } & 3,664 & 3,576 & 3,487 \\\hline \text { Operating income } & \$ 2,911 & \$ 992 & \$ 2,132 \\\hline\end{array}\end{array}$
Calculate trend percentages for all income statement amounts shown and comment on the results.Use 2016 as the base year.Comment on the results.