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Income statement data for Boone Company for two recent years ended December 31, are as follows: Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income before income tax Income tax expenses Net income Current Year $576,000 487,500 $88,500 $25,960 23,940 $49,900 $38,600 15,400 $23,200 Previous Yea $450,000 390,000 $60,000 $22,000 19,000 $41,000 $19,000 7,600 $11,400 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