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	$815,504		$674,000
Cost of goods sold	(610,600)		(430,000)
Gross profit	$204,904		$244,000
Selling expenses	$(86,930)		$(57,000)
Administrative expenses	(49,610)		(36,000)
Total operating expenses	$(136,540)		$(93,000)
Operating income	$68,364		$151,000
Other revenue	3,391		2,800
Income before income tax expense	$71,755		$153,800
Income tax expense	(20,100)		(46,100)
Net income	$51,655		$107,700

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	$815,504	$674,000
Cost of goods sold	(610,600)	(430,000)
Gross profit	$204,904	$244,000
Selling expenses	$(86,930)	$(57,000)
Administrative expenses	(49,610)	(36,000)
Total operating expenses	$(136,540)	$(93,000)
Operating income	$68,364	$151,000
Other revenue	3,391	2,800
Income before income tax expense	$71,755	$153,800
Income tax expense	(20,100)	(46,100)
Net income	$51,655	$107,700