Horizontal Analysis of the Income Statement Income statement data for Boone Company for the years ended December 31, 2014 and 2013, are as follows: 2014 2013 Sales $822,800 $680,000 590,000 Cost of goods sold 696,200 $126,600 $90,000 Gross profit $32,000 $35,520 Selling expenses 27,000 32,130 Administrative expenses $59,000 Total operating expenses $67,650 $58,950 $31,000 Income before income tax Income tax expenses 23,600 12,400 $18,600 $35,350 Net income Hide a. Prepare a comparative income statement with horizontal analysis, indicating the increase (decrease) for 2014 when compared with 2013. If required, round to one decimal place. Enter all amounts as positive numbers