Horizontal Analysis of the Income Statement Income statement data for Montana Images Company for the years ended December 31, 20Y5 and 20Y4, are as follows: 20Y4 20YS $579,000 $500,000 Sales Cost of goods sold 300,000 343,500 $235,500 $200,000 Gross profit Selling expenses 46,000 40,000 11,000 10,000 Administrative expenses 57,000 50,000 Total operating expenses $178,500 $150,000 Income before income tax Income tax expense 45,000 $133,500 S112,500 Net income a. Prepare a comparative income statement with horizontal analysis, indicating the increase (decrease) for 20Y5 when comp Montana Images Company Comparative income statement For the Years Ended December 31, 20Ys and 20Ya Increase (Decrease) Increase (Decrease) 20Y5 Amount Amount Amount Percent