Horizontal analysis of income statement

For $20$Y$2,$ 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:

McDade Company

Comparative Income Statement

For the Years Ended December $31,20Y2$ and $20Y1$

Prepare a comparative income statement with horizontal analysis for the two$-$year period, using $20Y1$ as the base year. Round percentages to one

decimal place. For those boxes in which you must enter subtracted or negative numbers use a minus sign.Prepare a comparative income statement with horizontal analysis for the two$-$year period, using $20Y1$ as the base year. Round percentages to one

decimal place. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

McDade Company

Comparative Income Statement

For the Years Ended December $31,20Y2$ and $20Y1$