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Problem 12-2A (Algo) Perform horizontal analysis (L012-2) The income statements for Anything Kayaking for the years ending December 31, 2024 and 2023, are provided below. Required: 1. Complete the "Amount" and "%" columns to be used in a horizontal analysis of the income statements for Anything Kayaking. (Decreases should be indicated by a minus sign, Round your percentage answers to 1 decimal place.) ANYTHING KAYAKING Income Statements For the Years Ended December 31 Increase (Decrease) Amount % Net sales Cost of goods sold Gross profit Operating expenses Operating income Other income (expense) Income before tax Income tax expense Net income 2024 2023 $ 3,700,000 $ 2,780,000 2,230,000 1.420,000 1,470,000 1,360,000 850,000 662,000 620,000 698,000 11,600 6,800 631,600 704,800 104.000 148,000 $ 527.600 $ 556,800