Horizontal Analysis of Income 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: Prepare a comparative income statement with horizontal analysis for the two-year period, using 20Y1 as the base year. Round lercentages to one decimal place. Use the minus sign to indicate a decrease in the "Difference" columns. McDade Comnanv 2. Net income has from 20Y1 to 20r2. Sales have however, the cost of merchandise sold causing the aross orofit to