Income statement data for Moreno Company for two recent years ended December 31, are as follows: a. Prepare a comparative income statement with horizontal analysis, indicating the increase (decrease)...

Income statement data for Moreno Company for two recent years ended December 31, are as follows:

a. Prepare a comparative income statement with horizontal analysis, indicating the increase (decrease) for the current year when compared with the previous year. Round to one decimal place.

b. What conclusions can be drawn from the horizontal analysis?