Perform a horizontal analysis for the entry "Gross Sales" shown on the income statement portion below. (Round to the nearest tenth)

2012

2011 Increase/Decrease Amount PercentRevenueGross Sales $163,000 117,400 Less: Sales Returns and Allowances 7,300 7,600 Net Sales 155,700 109,800 Cost of Good SoldMerchandise Inventory, Jan. 1 39,600 32,100 Net purchases 74,400 61,800 Goods Available for Sale 114,000 93,900 Less: Merchandise Inventory, Dec. 31 50,800 70,100 Cost of Goods Sold 63,200 23,800 Gross Margin $92,500 $86,000