ncome statement data for Boone Company for two recent years ended December 31, are as follows Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income before income tax Income tax expenses Net income Current Year 787,400 644,800 142,600 $42,120 37,500 $79,620 $62,980 25,200 $37,780 Previous Year $620,000 520,000 $100,000 36,000 30,000 $66,000 34,000 13,600 20,400 a. Prepare a comparative income statement with horizontal analysis, indicating the increase (decrease) for the current year when compared with the required, round to one decimal place. previous year. Ir Boone Company $620,000 520,000 $100,000 Sales $787,400 644,800 $142,600 42,120 Selling expenses Previous Next Check My Work 4 more Check My Work uses remaining All work saved