$1.$ Prepare a comparative income statement with horizontal analysis for the two$-$year period, using $\backslash (20$ Y $2\backslash )$ as the base year. Enter decreases as negative amounts and negative percentages. Round percentage changes to one decimal place.

Greyhound Technology Company

Comparative Income Statement

For the Years Ended December $31,20$ Y $3$ and $20$ Y $2$

$2.$ Based on the horizontal analysis prepared in $1$ which of the following statements is correct?

a$.$ Net income declined from $20$ Y $2$ to $20$ Y $3.$

b$.$ Sales increased, but the cost of goods also increased causing gross profit to decline.

c$.$ Other revenues decreased slightly and income tax expense increased.

d$.$ Over all there is decline in net income.