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Horizontai Analysis of Jicome Statement For 20Y2, Macklin Inc, teported a significant decrease in net incorre. At the end of the year, John Mayer, the

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Horizontai Analysis of Jicome Statement For 20Y2, Macklin Inc, teported a significant decrease in net incorre. At the end of the year, John Mayer, the president, is presented with the following condensed comparative income statement: . Prepare a comparative income statement with horizontal analysis for the two-year period, using 20r1 as the base vear. Use-the minus sign to indicate a decrease in the Increase/(Decrease)" columns. If required, round percentages to one decimal place. 2. Net income has from 20Y1 to 2012 . 5 ales have Thomever, the cost of goods sold has at a foset rate than nales, cousing the gross prodit to

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