Exercise 13-1A (Algo) Horizontal analysis LO 13-1 Thornton Corporation reported the following operating results for two consecutive years: Required a. Compute the percentage changes in Thornton Corporation's income statement components between the two years. (Negative amounts should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e., 0.234 should be entered as 23,4).) THORNTON CORPORATION Income Statements Year 3 Yoar 2 Parcentage Change % Sales Cost of goods sold Gross margin Operating expenses Income before taxes Income taxes Net Income (oss) $ 1.298,000 $1,004,500 798,270 602.700 499.730 401.800 304,500 199.000 195,230 202,800 61,100 52,600 $ 134,1305 150,200 %