For 20Y2, Macklin Inc. 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:

Macklin Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1
	20Y2		20Y1
Sales	$373,554		$342,000
Cost of goods sold	(264,000)		(220,000)
Gross profit	$109,554		$122,000
Selling expenses	$(36,250)		$(29,000)
Administrative expenses	(21,240)		(18,000)
Total operating expenses	$(57,490)		$(47,000)
Operating income	$52,064		$75,000
Other revenue	1,746		1,400
Income before income tax expense	$53,810		$76,400
Income tax expense	(15,100)		(22,900)
Net income	$38,710		$53,500

Required:

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.

Macklin Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
	20Y2	20Y1	Increase/ (Decrease) Amount	Increase/ (Decrease) Percent
Sales	$373,554	$342,000	$	%
Cost of goods sold	(264,000)	(220,000)		%
Gross profit	$109,554	$122,000	$	%
Selling expenses	$(36,250)	$(29,000)	$	%
Administrative expenses	(21,240)	(18,000)		%
Total operating expenses	$(57,490)	$(47,000)
Operating income	$52,064	$75,000	$	%
Other revenue	1,746	1,400		%
Income before income tax expense	$53,810	$76,400	$
Income tax expense	(15,100)	(22,900)
Net income	$38,710	$53,500	$	%