Income statement data for Bezos Company for the years ended December 31, 2014 and 2013 are as follows:

a. Prepare a comparative income statement with horizontal analysis, indicating the increase (decrease) for 2014 when compared with 2013. Round to one decimal place.
b. What conclusions can be drawn from the horizontalanalysis?

2014 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income before income tax Income tax expense Net income $ 840,000 724,500 115,500 S 52,500 41,400 $ 93,900 5 21,600 10,800 S10,800 2013 $600,000 525,000 75,000 37,500 30,000 67,500 7,500 5 5 5 S4,800