Honibntal analysis of income statement For 20rz, McDade Company reported a decine in net income. At the end of the year, T. Burraws, the president, is presented with the following condensed comparative income statement: 1. Prepare a comparative income statement with horizontal analysis for the two-year period, using 20Y1 as the base year, Round percentages to one decimal clace. For those boxes in which you must enter subtracted or negative numbers use a minus sign. McDade Company Comparative Income Statement 1. Prepare a comparabve income statement with horizontal analysis for the two-year period, using 20Y1 as the base yean. Round percentages to one decimal olace. For those bokes in which you must enter subtracted or negative numbers use a minus sign