ABC Industries Income Statement For The Years Ended December 31, 2022 And 2023 2022 2023 Sales $601,000 $589,000 Cost of goods sold 279,000 296,000 Gross profit 322,000 293,000 Operating expenses Advertising 3,200 2,100 Rent 4,000 4,000 Salaries 31,000 10,500 Utilities 7,600 6,580 Total operating expenses 45,800 23,180 Net income 276,200 269,820 Required: 1. Use horizontal analysis tools (both methods) to compare the changes between 2022 and 2023 line items for the income statement. For all percentages, calculate to two decimal places. Comment on the results of significant changes