At a recent meeting of the stockholders harpers president

Question

The following information was drawn from the records of Harper Sales Company:

Required: 

a. Prepare a multi step income statement for each year. 

b. Prepare a common size income statement for each year. 

c. At a recent meeting of the stockholders, Harper's president stated 2015 would be a very good year with net income rising significantly. Write a brief memo explaining whether you agree or disagree with the president. Assume that the operating trends between 2013 and 2014 continue through 2015.