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Horzontal Analysin of the lncome Statement. Income atatement data for Winthrop Cocrpary for two recent vears ended December 31 are as follows: a. Prepare a comparative income statement with horiontal analyas, indicating the increase (decrease) for the current yoar when compared with the prevings year If required, round to oue decimal place. a. Prepsre a comparative incorve statement with hortzomtal anafyus, indicating the increase (decrease) for the cutrent year when compared wish the previous year if required, round to one decimat place. b. The net inceme foe Winthrop Conpamy increised between years. This increase was the combined result of an in sales and percentage in cost of merchandise sold. The cost of merchandise sold incressed at a rate than the increase in sales, thus cauting th percentage morease in gross profe to be than the percentage increase in sales