During 2013, New Age Design, Inc., put on a sales promotion campaign that cost $ 4,162 more than it usually spent for advertising. The condensed partial comparative income statement for the fiscal years ended December 31, 2013, and December 31, 2012, follows.

Required
1. Using horizontal analysis, prepare a comparative income statement for the two-year period. Round percentages to three decimal places.
2. Comment on the percentages of increase ordecrease.

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New Age Design, Inc. Comparative Income Statement For Years Ended December 31, 2013 and December 31, 2012 2013 2012 Revenue from Sales: Sales Less Sales Returns and Allowances Net Sales $318,250 $285,648 18,600 $296290 $267048 155.552 21,960 Cost of Goods Sold Groes Profit Operating Expenses: 168,229 $128,061 $111496 Solling Exponses General Expenses 56.78250.960 14,231 74,338 65,191 53,723 46.305 695 $ 53,007 45,610 9.396 $ 42088 36214 17,556 Total Operating Expenses Income from Operations Other Expenses Income Before Income Taxes Income Tax Expense Net Income 716 10,919