Reference no: EM13508764

The condensed comparative income statements for Rochelle Corporation follows:

ROCHELLE CORPORATION
Comparative Income Statements
For the Years Ended December 31, 2005 & 2004
2005 2004
Net Sales $1,600,000 $1,485,200
Costs and Expenses
Cost of goods sold $ 908,200 $ 792,400
Selling expenses 206,200 209,200
Administrative expenses 280,600 231,000
Total costs and expenses $1,449,000 $1,232,600
Income from operations $ 151,800 $ 252,600
Interest expense 50,000 40,000
Income before income taxes $ 101,800 $ 212,600
Income taxes 28,000 70,000
Net income $ 73,000 $ 142,600
Earnings per share $ 1.23 $ 2.38

Required: Calculate the percentage of increase and/or decrease for each category.