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6 - 10. Using the comparative income statement given below, prepare a horizontal analysis of all items. Carry all calculations to two decimal places and

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6 - 10. Using the comparative income statement given below, prepare a horizontal analysis of all items. Carry all calculations to two decimal places and then round to one decimal place. Make sure you show ALL your work (calculations) in order to receive any credit. Comparative Income Statement Years Ended December 31, 2018 and 2017 % of Increase or Decrease 2018 Net Sales Cost of Goods Sold Gross Profit on Sales Total Expenses Net Income Before Taxes 2018 $365,000 229,000 $136,000 74,500 $61,500 2017 $322,500 215,750 $106,750 53,000 $53,750 7. 8. 9. 10

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