Prepare a horizontal analysis of the comparative income statement for Alton Co. for the years ending December 31, 2015, and December 31, 2016. (Round to the nearest hundredth of a percent as needed.)

............................................2016............. 2015

Net Sales ..............................$70,000......... $60,000

Cost of Goods Sold.................. 35,000.......... 19,000

Operating Expenses................... 17,600.......... 12,600

Interest Expense........................ 5,000........... 4,300

Net Income (loss)...................... 12,400......... 24,100