For 20Y2, Tri-Comic Company initiated a sales promotion campaign that included the expenditure of an additional $22,000 for advertising. At the end of the year, Lumi Neer, the president, is presented with the following condensed comparative income statement: Tri-Comic Company Comparative Income Statement For the Years Ended December 31, 20Y2 and 2041 20Y2 20Y1 Sales $791,000 $680,000 Cost of goods sold 411,320 380,800 Gross profit $379,680 $299,200 Selling expenses $ 158,200 $129,200 Administrative expenses 87,010 88,400 Total operating expenses $245,210 $217,600 Income from operations $81,600 $134,470 47,460 Other revenue 34,000 Income before income tax $181,930 $115,600 Income tax expense 71,190 47,600 Net income $110,740 $68,000 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. Tri-Comic Company Comparative Income Statement For the Years Ended December 31, 2012 and 2041 2012 Amount 20Y2 Percent 20Y1 Amount 20Y1 Percent Sales $791,000 % $680,000 % Cost of goods sold 411,320 % 380,800 % Gross profit $379,680 % $299,200 % Selling expenses $158,200 % $129,200 % Administrative expenses 87,010 % 88,400 % Total operating expenses $245,210 % $217,600 % Income from operations $134,470 % $81,600 % Other revenue 47,460 % 34,000 % Income before income tax $181,930 % $115,600 % Income tax expense 71,190 % 47,600 % Net income $110,740 % $68,000 %