For 20Y2, McDade Company reported a decline in net income. At the end of the year, T. Burrows, the president, is presented with the following condensed comparative income statement:

McDade Company Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1
	20Y2		20Y1
Sales	$717,666		$617,000
Cost of merchandise sold	522,600		390,000
Gross profit	$195,066		$227,000
Selling expenses	$74,100		$52,000
Administrative expenses	43,100		33,000
Total operating expenses	$117,200		$85,000
Income from operations	$77,866		$142,000
Other revenue	3,375		2,600
Income before income tax expense	$81,241		$144,600
Income tax expense	22,700		43,400
Net income	$58,541		$101,200

Required:

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1. 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. Use the minus sign to indicate a decrease in the "Difference" columns.