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Data for Sherwood, Inc. for the years ended December 31, 2019 and 2018 are as follows: Net Sales Cost of Goods Sold Selling and Administrative

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Data for Sherwood, Inc. for the years ended December 31, 2019 and 2018 are as follows: Net Sales Cost of Goods Sold Selling and Administrative Expenses Other Expenses (Interest Expense) Income Tax 2019 $850,000 635,000 50,000 20,000 40,000 2018 $798,000 580,000 35,000 15,000 55,000 Prepare a horizontal analysis of the comparative income statement of Sherman, Inc. (Round to one decimal place.) Use a multi-step income statement

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