1. Prepare a comparative income statement with horizontal analysis for the two-year period, using 20Y1 as the base year. Round percentages to one decimal place. Use the minus sign to indicate a decrease in the "Increase (Decrease)" columns. Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income from operations Other revenue McDade Company Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 Net income Income before income tax $47,434 Income tax expense 13,300 2. Net income has goods sold has 20Y2 20Y1 Difference - Amount Difference $344,080 $304,000 $ 243,200 190,000 $100,880 $114,000 $ $35,100 $26,000 $ 20,030 16,000 $55,130 $42,000 $ $45,750 $72,000 1,684 1,300 $73,300 22,000 $34,134 $51,300 $ from 20Y1 to 20Y2. Sales have , causing the gross profit to % % % % % % % % % % % - Percent ; however, the cost of

1. Prepare a comparative income statement with horizontal analysis for the two-year period, using 20 Y1 as the base year. Round percentages to one decimal place. Use the minus sign to indicate a decrease in the "Increase (Decrease)" columns. 2. Net income has from 20 Y1 to 20Y2. Sales have goods sold has , causing the gross profit to ; however, the cost of