Question 8 3 pt Complete the horizontal analysis for the comparative income statement. Round to the nearest tenth of a percent. Increase or This Year Last Year -Decrease Percent Gross Sales $1,761,000 $1,517,000 Returns $10,000 $6000 Net Sales $1,751,000 $1,511,000 Cost of Goods Sold $1,173,000 $1,070, 000 Gross Profit $578,000 $441,000 Total Expenses $90,000 $51,000 Net Income before taxes $488,000 $390,000 16.1%, 66.7%, 15.9%, 9.6%, 31.1%, 76.5%, 25.1% 13.9%, 40.0%, 13.7%, 8.8%, 23.7%, 43.3%, 20.1% O 9.5%, -100.0%, 9.3%, 0.3%, 8.4%, -119.6%, -0.5% O -16.1%, -66.7%, -15.9%, -9.6%, -31.1%, -76.5%, -25.1% D Question 9