1. Prepare a comparative income statement with horizontal analysis for the two-year period, using 20Y1 as the base year. Use the minus sign to indicate a decrease in the "Increase/(Decrease)" columns. If required, round percentages to one decimal place. 2. Net income has from 20%1 to 20%2. Sales have ; however, the cost of goods sold has at a faster rate than sales, causing the gross profit to 2. Net income ha: from 20Y1 to 20Y2. Sales have rate than sales, ce to Horizontal Analysis of Income Statement For 20Y2, Macklin thc, reported a significant decrease in net income. At the end of the year, John Mayer, the president, is presented with the following condensed comparative income statement: 1. Prepare a comparative income statement with horizontal analysis for the two-year period, using 20yi as the base year. Use the minus sign to indicate a decrease in the "Increase/(Decrease)" columns, If required, round percentages to one decimal place. Macklin Inc. Comparative Income Statement For the Years Ended December 31, 20Y 2 and 20 Y 1