22, dat once there on the pipel with the garden . Gallet. Man the Year 2021 2 HABE Bowl cort DO Oce O 2000 100 H 1. yond persone deme place 1. comments to the 2011 Mickin Inc. Current for the Year Ended December 2012 2011 Tecreased ca Dece) (Decrease 2017 20 Amor Per 3.10.151.000 1476. O, Oro , 2016 700.000 2.400 SE000 Desting 35.000 2.000 0 562 11.00 come SIRIW Me How Horizontal Analysis of Income Statement For 2012, Maddin Inc. reported a significant decrease in net income. At the end of the year, John Mayer, the president, is presented with the following condensed comparative Income statement Mackline Comparative Income Statement For the Years Ended December 31, 2012 and 2011 2012 2011 Sales 5647,106 5551,000 Cost of goods sold (471.000) (350,000) Cross profit 5171,106 5201,000 Selling expenses (66,700) 5(45.000) Administrative expenses (3400) (29,000) Total operating expenses 105,100) $175.000) Operating income $66.006 $126,000 Other revenue 2.955 2.300 Income before income tax expense $60,964 5128,300 income tax expense (19.300) (3.500 Net Income $49,664 $89,800 Required: 1. Prepare a comparative income statement with horizontal analysis for the two-year period using 2011 as the base use them to indicate a decrease in the release Macklin Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2041 equired: 1. Prepare come income statement with others Comparative For the Year Ended Dec 1. and Erre (c) pere) 2012 PER 9647.100 350.000 Oslo 14.350.000 GO 5171106 BLO 4 , ext 46.000) 29.000 105,000 52.00) LABE 5.26.000 200 Other 2009 info Nincom Check