7. Prepare a horizontal analysis of the following comparative income statement for the Friendly Corporation. Round percentage changes to the nearest one-tenth percent. Friendly Corporation Comparative Income Statement For the Years Ended December 31, 2021 and 2020 2021 2020 Total sales 2,500,000 1,850,000 Cost of goods sold 1,830,000 1,325,000 Gross profit 670,000 525,000 Expenses: Oper Exp 395,000 280,000 Int exp 6,000 10,000 Inc tax exp 25,300 20,000 Total Exp 426,300 310,000 Net Income 243,700 215,000