Horizontal Analysis of income Statement For 2012, Mackin Inc reported a significant decrease in net income. At the end of the year, John Mayer, the president is presented with the following condensed comparative income statement: Macklin Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2011 2012 2011 Sales $750,453 $674,000 Cost of goods sold (533.2001 (430,000 Gros brot $217,252 $244.000 Selling expenses 74,400) (57.000 Aditive (43,710 (36,000) Total berlinge 117.00) 9.000 Dating we 19932 1151.000 Oxhere BAD 2.500 icon below 8102012 $153,000 | trenma tas espense 2.100 146,100 $74,052 3167,700 Required 1. Pre comparative in tant with hormonal analysis for a period, wing 01 as the war them to calderas in the increase/Decreecom Free persona Hacidin Inc Comparative Income Statement For the Year Ended December 31, 2012 and 101 Increas Incre Decrease) (Decrease) 2012 2011 Amount Perce ses $750,4511614.000 Cossoid 1511001430,000) 5212213 5244,00 Sep 74.1001 17,000 38,00 14.703 nebent tense $102,012 $15.000 Income tax pense 25.000 (45,100 178051 1,700 Hequired receive income state with low power decorrent Bages to the decat ce Mac Inc Comparative Income rement For the Year Ended December 31, 2012 and BV Increased increase (Dee) (Dr.) 20 20 Amount Percent Sais 172 1674,000 Code 1533.00) 40.000 Grosso 1912262 244.000 Seins 174,00 37.000) 03.0m Toggen 3,000 Origam 199,172 155,000 1,40 2100 Tieto 10.11. anaoon (46,00 je 14.05 317 2. decembro 10 Schutter water