Income statement data for Winthrop Company for two recent years ended December 31 are as follows: Current Year Previous Year 2 Sales 3 Cost of goods sold 4Gross profit s Selling expenses 6 Administrative expenses 7Total operating expenses 8Income before income tax 9Income tax expense 10 Net income $2,280,000.00 $2000,000.00 1960,000.00 1,750,000.00 $250,000.00 $125,000.00 100,000.00 $225,000.00 $25,000.00 10,000.00 $15,000.00 320,000.00 156,500.00 122,000.00 $278,500.00 41,500.00 16,600.00 $24,900.00 A. Prepare a comparative income statement with horizontal analysis, indicating the increase (decrease) for the current year when compared with the previous year. Round percentages to one decimal place. B. What conclusions can be drawn from the horizontal analysis