Horizontal analysis of income statement For 20Y2, 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: 1. Prepare a comparatuve income statement with horizontal analysis for the two-year period, using 20y1 os the base year. Use the minus sign to indicate a 2. Net income has from 20Y1 to 20Y2. Sales have ; however, the cost of goods sold has at a faster rate than soles, cousing the gross profit to