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 202 201 $910,000 Sales $700,000 Cost of goods sold. . Gross profit... Selling expenses.. 350,000 $350,000 441,000 $469,000 $139,150 $115,000 Administrative expenses . 99,450 $238,600 $230,400 65,000 $295,400 65,000 $230,400 85,000 $200,000 Total operating expenses Income from operations $150,000 50,000 $200,000 Other income.. Income before income tax Income tax expense 50,000 $150,000 Net income.... Prepare a comparative income statement with horizontal analysis for the two-year period, using 20Y1 as the base year. Round percentages to one decimal place