Find the decrease percent

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 "lnaease/(Decrease)" columns. If required, round percentages to one decimal place. Macklln Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 Increase] Increase] (Decrease) (Decrease) 20V! 20Y1 Amount Percent _ Sales $455,541 $427,000 5C: Costofgoodssoid (324,000) (270,000) [:l Gross prot $142,641 $157,000 5:] % Selling expenses $445,000) $35,000) E 5*, Administrative expenses (27.140) (23,000) D r Total operating expenses $02,140) 5(59,000) Operating Income $70,501 598,000 other revenue 2.219 1,300 [:l a3 g Income before income tax expense $72,720 $99,800 Income tax expense (20.400) (29:900) 59 o o' D U'UDQDDDDU Net income 552.320 $59,900