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1. Prepare a comparative income statement for the two-year period, presenting an analysis of each item in relationship to sales for each of the years.

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1. Prepare a comparative income statement for the two-year period, presenting an analysis of each item in relationship to sales for each of the years. Round percentages to one decimal place. For those boxes in which you must enter subtracted or negative numbers use a minus sign. For 20r2,Tr-Comic Company intiated a saies promotion campaign that induded the expenditure of an additional $50,000 for advertising. At the end of the year, Lum Neer, the president, is presented with the following condensed comparative income statement

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