Horizontal Analysis of Income Statement For 20y2. Macklin Inc. reported a significant decrease in net income. At the end of the year, John Mayer, the president, is presented wth the following condensed comparative income stotement: 1. Prepare a comparative income statement with horizontal analysis for the two-year period, using 20y1 as the base year, 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 20r2. Sales have : however, the cost of goods sold has at a faster rate than sales, causing the gross profit to