Analys of Income Statement Par 2012, McDade Cumpene reported a decline in net income. At the end of the year, T. Burrows, the president, is presented with t McDade Company Comparative Income Statement For the Years Ended December 31, 2012 and 201 Sales Cast of goods sold Gr Seling expenses Administrative expenses Total operating expenses Income from operations Other revenue Income before income tax Income tax expense Net income Required 2012 2011 $530,004 $450,000 394,400 290,000 $142,304 $146,000 $55,300 $30,000 31,300 24,000 586.0 $62,000 $55.624 $104,000 2,335 1,900 $105,900 16,200 31,000 $74,100 1. Prepare a comparative name statement with horizontal analysis for the two-year penod, using 2011 as the base year Round percentages t "Increase (Decrease) columns Check My Work McDade Company Comparative Income Statement For the Years Ended December 31, 2012 and 2011 2012 2011 Difference Amount Difference Percent place Use the minus sign to indicate a decrease in the Previous mal Seve and at Subit Assigment for Grading