The process of assimilating mass-media advertisements with other promotional elements such as direct marketing, public relations, and sales promotion is known

1. prepare an income statement in comparative form, stating each item for both years as a percent of sales. round your percentages to one decimal place. enter all amounts as positive numbers. question not attempted. score: 0/76 tri-comic company comparative income statement for the years ended december 31, 20y2 and 20y1 1 20y2 20y2 20y1 20y1 2 amount percent amount percent 3 sales $1,500,000.00 $1,250,000.00 4 cost of goods sold 510,000.00 475,000.00 5 gross profit $990,000.00 $775,000.00 6 selling expenses $270,000.00 $200,000.00 7 administrative expenses 180,000.00 156,250.00 8 total operating expenses $450,000.00 $356,250.00 9 income from operations $540,000.00 $418,750.00 10 other income 60,000.00 50,000.00 11 income before income tax $600,000.00 $468,750.00 12 income tax expense 450,000.00 375,000.00 13 net income $150,000.00 $93,750.00