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Consider the following: Roma Tile Corporation Comparative Income Statement For the Years Ended December 31, 20-3 and 20-A 20-B 20-A Net Sales (all on account)

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Consider the following: Roma Tile Corporation Comparative Income Statement For the Years Ended December 31, 20-3 and 20-A 20-B 20-A Net Sales (all on account) 5560.000 5720,000 Cost of goods sold 354,000 390,000 Gross profit $306,000 $330,000 Operating expenses 230,000 243,000 Operating income $76,000 $87,000 Other revenues and expenses (7,300) (7,750) Income before income tax $ 68,700 579,250 Income tax expense 16,940 18,170 Net Income $51,760 $61,080 Required: Prepare a horizontal comparative income statement. Round percentages to two decimal places, Do not enter the percent sign. For example, 60s would be entered as 60 Roma Tile Corporation Comparative Income Statement For the Years Ended December 31, 20-8 and 20-A 20-B Amount 20-A Amount Increase (Decrease) Amount increase (Decrease) Percent Net sales $660,000 $720,000 60,000 Cost of goods sold 354,000 390,000 -16,000 Ca profil 330.000 1000 3050 Net Sales (all on account) 3600,000 Cost of goods sold 6720,000 354,000 Cross profit 390,000 $305,000 $330.000 Operating expenses 230,000 243,000 Operating income $76,000 $87,000 Other revenues and expenses 07.300) (7.750) Income before income tax $68,700 579,250 Income tax expense 16,940 18,170 Net income $51.760 $61,060 Required: Prepare a horizontal comparative income statement. Round percentages to two decimal places. Do not enter the percent sion. For exampie, co would be entered a 60 Roma Tile Corporation Comparative Income Statement For the Year Ended December 31, 20-8 and 20-A 20-8 Amount 20-A Amount Increase (Decrease Amount Increase (Dee) Percent Net sales 5660.000 5720,000 0.000 Cost of goods sold 354,000 390,000 Gross profit 3306,000 3330,000 Operating expenses 230,000 243,000 -3000 Operating income $76,000 557,000 Other revenues and expenses (7.300) 17.750) Income before income tax 568,700 $79,250 16.940 18,170 Income tax experte -10 $51,760 561,080 10 Net Income -15 (previas

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