For 20Y2, Tri-Comic Company initiated a sales promotion campaign that included the expenditure of an additional $13,000 for advertising. At the end of the year, Lumi Neer, the president, is presented with the following condensed comparative income statement: 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. Enter percentages as whole numbers. Enter all amounts as positive numbers. 2. The vertical analysis indicates that the costs other than selling expenses (cost of goods sold and administrative expenses) sales. As a result, net income as a percentage of sales expenses as a percent of sales . The sales promotion campaign appears to have been slightly, the as a percentage of While selling cost was more than made up for by sales. 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: 1. Prepare a comparative income statement with horizontal analysis for the two-year period, using 20Y1 as the base year. Use the minus sign to indicate a decrease in the "Difference" columns. If required, round to one decimal place. 2. Net income has from 20Y1 to 20Y2. Sales have ; however, the cost of goods sold has , causing For 20Y2, Tri-Comic Company initiated a sales promotion campaign that included the expenditure of an additional $13,000 for advertising. At the end of the year, Lumi Neer, the president, is presented with the following condensed comparative income statement: 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. Enter percentages as whole numbers. Enter all amounts as positive numbers. 2. The vertical analysis indicates that the costs other than selling expenses (cost of goods sold and administrative expenses) sales. As a result, net income as a percentage of sales expenses as a percent of sales . The sales promotion campaign appears to have been slightly, the as a percentage of While selling cost was more than made up for by sales. 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: 1. Prepare a comparative income statement with horizontal analysis for the two-year period, using 20Y1 as the base year. Use the minus sign to indicate a decrease in the "Difference" columns. If required, round to one decimal place. 2. Net income has from 20Y1 to 20Y2. Sales have ; however, the cost of goods sold has , causing