For 20Y2, Tri-Comic Company initiated a sales promotion campaign that included the expenditure of an additional $15,000 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 20Y1 20Y2 20Y1 Sales $533,000 $458,000 Cost of merchandise sold 255,840 247,320 Gross profit $277,160 $210,680 Selling expenses $106,600 $87,020 Administrative expenses 58,630 59,540 Total operating expenses $165,230 $146,560 Income from operations $111,930 $64,120 Other revenue 21,320 13,740 Income before income tax expense $133,250 $77,860 Income tax expense 53,300 32,060 Net income $79,950 $45,800 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, 20Y2 and 20Y1 20Y2 20Y2 20Y1 20Y1 Amount Percent Amount Percent Sales $533,000 % $458,000 % Cost of merchandise sold 255,840 % 247,320 % ross profit $277,160 % $210,680 % Selling expenses $106,600 % $87,020 % Administrative expenses 58,630 % 59,540 % Total operating expenses $165,230 % $146,560 % Income from operations $111,930 % $64,120 % Other revenue 21,320 % 13,740 % Income before income tax expense $133,250 % $77,860 % Income tax expense 53,300 % 32,060 % Net income $79,950 % $45,800 %