Horizontal Analysis of income Statement For 20Y2, McDade Company reported a decline in net income. Ac the end of the year, T. Burrows, the president, is presented with the foliowing condensed comparative income statement: 1. 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. Use the minus sign to indicate a decrease in the "Increase (Decrease)" columns. 1. Prepare a comparative income statement with horizontal analysis for the two-year period; using 20 Yy as the base year, Round percentages to one decimal place. Use the minus sign to indicate a decrease in the "Increase (Decresse)" columns. 2. Net income has from 20Y1 to 20Y2. Sales have 2. however, the cost of goods sold has the gross pront to