Question: Complete the horizontal analysis for the comparative income statement below. Do not use parentheses to indicate a decrease. Round to the nearest tenth of a

Complete the horizontal analysis for the comparative income statement below. Do not use parentheses to indicate a decrease. Round to the nearest tenth of a percent.

Complete the horizontal analysis for the comparative income statement below. Do not

This Year $1,781,676 $9,312 $1,769,040 Last Year $1,692,000 $12,000 $1,680,000 $950,000 Increase or Decrease Amount Percent % $ % $ % $1,046,900 % % Gross Sales Returns Net Sales Cost of Goods Sold Gross Profit Wages Rent Advertising Utilities Taxes on Inv., Payroll Miscellaneous Expenses Net Income $764,310 $251,224 $80,886 $131,028 $30,804 $18,972 $730,000 $248,000 $78,000 $122,000 $17,000 % % % % $18,000 % $60,030 % $58,000 $189,000 $191,079 %

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