E 15-1 Vertical and Horizontal Analyses of Statement of Comprehensive Income Comparative statements of comprehensive income for Queen Engineering Company for 2018 and 2017 are given below. Ignore other comprehensive income. LO2 2018 2017 Sales Cost of goods sold Gross profit on sales Selling and general expenses Operating income Interest expense Income before income tax Income tax expense Net income $ 1,770,000 (1,140,000) $ 630,000 (212,000) $ 418,000 (70,000) $ 348,000 (104,000) $ 244,000 $ 1,090,000 (610,000) $ 480,000 (168,000) $ 312,000 (40,000) $ 272,000 (82,000) $ 190,000 1. Prepare a vertical analysis of comprehensive income for Queen Engineering Company for 2018 and 2017. 2. Prepare a horizontal analysis of comprehensive income for Queen Engineering Company for 2018 and 2017. 3. Return on sales for Queen Engineering is lower in 2018 and 2017. What expense or expenses are causing this lower profitability