Horizontal analysis of the income statement income statement data for Winthrop company for two recent years ended December 31st are as follows. Sales Cost of goods Gross profit Selling expenses...

Horizontal analysis of the income statement income statement data for Winthrop company for two recent years ended December 31st are as follows. Sales Cost of goods Gross profit Selling expenses Administrative expenses Total operating expense Income before income tax expense Income tax expense Net income Current year 2,240,000 sales (1,925,000) no cost of goods $315,000 gross profit $ (152,500) selling expenses 118,000 administrative expenses $(270,500) total operating expense $44,500 income before tax expense (17,800) income tax expense $26,700 net income Previous year $2,000,000 sales (1,750,000) cost of goods $250,000 gross profit ($125,000) selling expenses (100,000) administrative expenses ($225,000) total operating expense $25,000 income before income tax expense ( 10,000) income tax expense $15,000 A. Prepare a comparative income statement with horizontal analysis Tama indicated the increase and decrease for the current year when compared with the previous year. If required round to one decimal place. Winthrop company comparative income statement for the years ending December 31st. Sales Cost of goods Gross profit Selling expenses Administrative expenses Total operating expense Income before income is expense Income tax expense Net income $ %