Hide and Seek Products, Inc, makes metal detectors and has the following cormparative income statement: (Click the icon to view the comparative income statement). Perform a horizontal analysis and a vertical analysis of the comparative income statement of Hide and Seek Products, Inc. State whether 2021 was a good year or a bad year compared with 2020 , and give your reasons. Begn by preparing the horizontal analysis. (Enter a decrease with a minus sign or parentheses. Round your percentages to the nearest one-tenth percent, x. x. Complete all answer boxet. Enter "o" for zero amounts) Hide and Seek Products, Ine. Horizontal Analysis of Comparative Income Statements Veare Finded December 31. 2021 and 2020 Expenses Cost of goods sold Engineering, seling, and administrative expenses Interest expense Income tax expense Other expense (income) Total experses Net income Data table Data table $475,000$325,000 Total revenues Expenses: \begin{tabular}{lrrr} Cost of goods sold & 318,250 & 221,000 \\ Engineering, selling, and administrative expenses & 76,000 & 74,750 \\ Interest expense & 8,075 & 8,125 \\ Income tax expense & 28,500 & 13,000 \\ Other expense (income) & 6,175 & (1,625) \\ Total expenses & 437,000 & 315,250 \\ \hline income & 38,000 & 9,750 \\ \hline \end{tabular} Net income