Book Show Me How Horizontal Analysis of Income Statement For 2012, Macklin Inc. reported a significant decrease in net income. At the end of the year, John Mayer, the president, is presented with the following condensed comparative income statement: Macklin Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2041 2012 2011 Sales $399,000 $440,286 (305,000) $135,286 $(43,350) (25,160) (250,000) $149,000 Cast of goods sold Gross profit Selling expenses