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

Question Content Area Horizontal Analysis of the Income Statement Income statement data for Winthrop Company for two recent years ended December 31 are as follows: Current Year Previous Year $884,400 $670,000 Sales Cost of merchandise sold Gross profit 722,400 560,000 $110,000 $162,000 $50,020 $41,000 Selling expenses Administrative expenses Total operating expenses Income before income tax expense 44,200 34,000 $75,000 $94,220 Income tax expenses $67,780 27.10 $35,000 14,000 Net income $40,680 $21.000 Question Content Area a. Prepare a comparative income statement with horizontal analysis, indicating the increase (decrease) for the current year when compared with the previous year. If required, round to one decimal place. Question Content Area Prepares comparative income statement with hotzontal analysis, indicating the increase (decrease) for the current year when compared with the previsyen 18 required, round to one decimal place Winthrop Company Comparative Income Statement For the Year Ended December 31 Current Previous Inc increase year Dece) (Decree) Amount Amount Amount Percent $504,4005670,000 Chat of merchandies told 722.400 500,000 5162.000 $110,000 $50,020 $41,000 41.200 34.000 194,220 375.000 Income before come $35.000 167 27.100 16000 H40.5