BOOK Show Me How Calculator Printem T.com STICKS IS BEI Current Year Previous Year Sales $2,280,000 $2,000,000 Cost of goods sold 1,960,000 1,750,000 Gross profit $320,000 $250,000 Selling expenses $156,500 $125,000 Administrative expenses 122,000 100,000 Total operating expenses $278,500 $225,000 Income before income tax $41,500 $25,000 Income tax expenses 10,000 Net Income $24,900 $15,000 16,600 a. Prepare a comparative Income statement with horizontal analysis, indicating the increase (decrease) for the current year when compared with the previous year. If required, round to one decimal place. Winthrop Company Comparative Income Statement For the Years Ended December 31 Current year Amount Previous year Amount increase (Decrease) Amount increase (Decrease) Percent Sales $2.280,000 $2,000,000 Cost of goods sold 1,960,000 1,750,000 Gross profit $320,000 $250,000 Check My work Previous All work saved Emaior Save and Exit Submit Assignment for Grading A A W 6 S 3 4 5 6 7 00 9 9 R T Y U