Horizontal Analysis of the Income Statement Income statement data for Winthrop Company for two recent years ended December 31 are as follows: a. Prepare a comparative income statement with hoeizontal analysis, indicating the increase (decrease) for the current year when compared with the previous yean, If required, round to one decimal place. a. Prepare a comparative income statement with horizontal analysis, indicating the increase (decrease) for the current year when compared with the previous year, if required, round to one decimal place. b. The net income for Winthrop Company increased between years. This increase was the combined result of an! In sales and a percentage IIn cost of goods sold. The cost of goods sold increased at 2 frate than the incresse in sales, thys causing the percentage increase in gross pront to be than the percentage increase in sales