Horizontal Analysis of the Income Statement Income statement data for Boone Company for the years ended December 31, 20YS and 20Y4, are as follows 20YS 20Y4 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income before income tax Income tax expenses Net income $889,000 744,000) $145,000 $(42,120) (37,500) $(79,620) $65,380 (26,200) $39,180 $700,000 (600,000) $100,000 $(36,000) (30,000) $(66,000) $34,000 (13,600) $20,400 a. Prepare a comparative income statement with horizontal analysis, indicating the increase (decrease) for 20Y5 when compared with 20Y4. Round percentage answers to one decimal place