Horizontal Analysis of Incofe Statement For 20Y2, McDade Company reported a decline in net income. At the end of the year, T. Burrows, the president, is presented with the following condensed comparative income statement: 1. Prepare a comparative incorne statement with horizontal analysis for the two-year period, using 20 Yi as the base year. Round percentages to one decimal place. Use the minus sign to indicate a decrease in the "Increase (Decrease)" columns. 2. Net incomehas from 20Y1 to 20Y2. Sales have : however, the cost of qoods sold has causing the gross profit to derimal nlace. Use the minus sion to indicate a decrease in the "Increase (Decrease)" columns. 2. Net income has from 20Y1 to 20Y2. Sales have ; however, the cost of goods sold has causing the gross profit to