Please post answer so that half the answer isnt cut off! thanks!

Honzontal Analysis of Income Statement For 2012, McDade Company reported a decline in net income. At the end of the year, T. Burrows, the president, is presented with the following condensed comparative income statement: McDade Company Comparative Income Statement For the Years Ended December 31, 2012 and 2041 2012 2011 Sales $442,340 $380,000 Cost of merchandise sold 240,000 321,600 $121.240 Gross profit Selling expenses Administrative expenses Total operating expenses Income from operations $45,600 26,120 $140,000 $32.000 20,000 $71,720 $49.520 $52,000 $38.000 1,600 189,600 2,013 Other revenue Income before income tax expense Income tax expense 551,533 14,400 5370133 26.900 102.700 et income Required: Required: 1. Prepare a comparative income statement with horizontal analysis for the two-year penod, using 2071 as the base year. Round percentages to one decimal place. Use the minus sign to indicate a decrease in the Difference" columns McDade Company Comparative Income Statement For the Years Ended December 31, 2012 and 2041 Difference Difference 2012 Amount Percent 2011 Sales $442,340 $380,000 Cost of merchandise sold 321,600 240,000 Gross profit 5121,240 $140,000 Selling expenses $45,600 $32,000 Administrative expenses 26,120 20,000 Total operating expenses $71,720 552,000 Income from operations 149,520 530,000 Other Tenue 2,01 1,600 Income before income tax expense 551.533 589.000 Income tax expense 14,400 26.900 Het income $37.133 562,700