1. Sales, 12.5% ncrease PR 6-1 OBJ. 2 Horizontal analysis of statement of profit or loss and other comprehensive income For 2018. Cendana Bhd reported a decline in net income. At the end of the year, Hasnan, the president, is presented with the following condensed comparative statement of profit or loss and other comprehensive income: Cendana Bhd Comparative Statement of Profit or Loss and Other Comprehensive Income For the Years Ended December 31, 2018 and 2017 2018 2017 Sales RM6,750,000 RM6,000,000 Cost of goods sold 2.480,000 2,000,000 Gross profit RM4,270,000 RM4,000,000 Selling expenses RM1,260,000 RM1,000,000 Administrative expenses 625,000 500,000 Total operating expenses RM1,885.000 RM1,500,000 Income from operations RM2,385,000 RM2,500,000 Other income 110,000 100,000 Income before income tax RM2,495,000 RM2.600.000 60,000 50,000 Income tax expense. Net income RM2,435,000 RM2,550,000 Instructions 1. Prepare a comparative statement of profit or loss and other comprehensive income with hori- zontal analysis for the two-year period, using 2017 as the base year. Round to one decimal To the extent the data permit, comment on the significant relationships revealed by the horizontal analysis prepared in (1) place