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 stotement with horizontal analysis, indicating the increase (decrease) for the current year when compared with the previous year. 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 combened reault of an in sales and a percentage in cost of goods sold. The cost of goods sold increased at i 5 rate than the increase in sales, thus causing the percentage increase in gross profit to be than the percentage increase in salis