eBook Printer Operating income $540,000 $418,750 Other revenue 60,000 50,000 Income before income tax expense $600,000 $468,750 Income tax expense Net income (450,000) $150,000 (375,000) $93,750 1. Prepare a comparative income statement for the two-year period, presenting an analysis of each item in relationship to sales for each of the years. Round percentages to one decimal place. For those boxes in which you must subtracted or negative numbers use a minus sign Tri-Comic Company Comparative Income Statement For the Years Ended December 31, 2012 and 2011 2012 2012 Amount Percent 2011 2011 Amount Percent Line Item Description Sales Cost of goods sold Gr Seling expenses Administrative expenses Total operating expenses Operating income Other revenue Income before income tax expense 2. To the extent the data permit, comment on the significant relationships revealed by the vertical analysis prepared in (15 The vertical andysh indicates that the ctsther then selling expenses (cost of goods sold and administrative spe a percentage of sales. As a result, net income as a percentage of While selling expenses as a percent of sales Incred sight the increased cast was more than male up for hy increased Previous hest