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accounting + N 5 1 w 6 ECO WARRIOR GROUP Comparative...

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Accounting

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+ N 5 1 w 6 ECO WARRIOR GROUP Comparative Income Statement For Years Ended December 31, 2022 and 2021 2022 2021 2021 Sales $760,000 $ 650,000 Cost of goods sold 405,000 320,000 Gross profit 355,000 330,0000 Selling expenses 121,000 110,000 General expenses 142,000 130,000 Net income $ 92,000 $90,000 B. Evaluate the situation shown as favourable or unfavourable and briefly explain your reasoning by using two of the accounts. (4 Marks) 2022

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