For 20Y2, Macklin Inc. reported a significant increase in net income. At the end of the year, John Mayer, the president, is presented with the following condensed comparative income statement:

Macklin Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1
	20Y2		20Y1
Sales	$910,000		$700,000
Cost of goods sold	441,000		350,000
Gross profit	$469,000		$350,000
Selling expenses	$139,150		$115,000
Administrative expenses	99,450		85,000
Total operating expenses	$238,600		$200,000
Income from operations	$230,400		$150,000
Other income	65,000		50,000
Income before income tax	$295,400		$200,000
Income tax expense	65,000		50,000
Net income	$230,400		$150,000

Required:

1. Prepare a comparative income statement with horizontal analysis for the two-year period, using 20Y1 as the base year. Round to one decimal place. Use the minus sign to indicate a decrease in the "Difference" columns.

Macklin Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
	20Y2	20Y1	Difference - Amount	Difference - Percent
Sales	$910,000	$700,000	$	%
Cost of goods sold	441,000	350,000		%
Gross profit	$469,000	$350,000	$	%
Selling expenses	139,150	115,000		%
Administrative expenses	99,450	85,000		%
Total operating expenses	$238,600	$200,000	$	%
Income from operations	$230,400	$150,000	$	%
Other income	65,000	50,000		%
Income before income tax	$295,400	$200,000	$	%
Income tax expense	65,000	50,000		%
Net income	$230,400	$150,000	$	%

2. Net income has from 20Y1 to 20Y2. Net sales have ; however, cost of goods sold, selling, and administrative expenses have at a rate, causing .