15. Using the following information from an annual report, prepare a Comparative (horizontal) analysis of the consolidated statements of earnings. (Round percentage answers to one decimal place.) 3 pts (In millions except per share data) Net sales Cost of sales June 30, 2020 June 30, 2019 $12,900 $12,170 8,000 8.170 Gross margin $ 4.900 $3,000 Operating expenses: Selling expenses $2,100 $2,000 General and Administrative expenses 1.000 900 Total operating expenses $ 3,100 $2,900 Income (loss) from operations $ 1,800 $ 100 Other Income and (expenses) 100 93 Earnings (loss) before income taxes Income taxes Net earnings (loss) Basic earnings (loss) per share $ 1,900 $ 193 570 $ 1.330 40 $ 153 $18.00 $ 4.58