Horizontal Analysis of tncome statement For 20Y2, Mackin Ine, reported a signifcant decresse in net income. At the ehd of the yeac, Jobn Mayer, the president, is presented with the following condensed comparative income stetement: 1. Prepare a comperabive inceme statement wath horitental andyais for the twoyear period, using zoys as the base year Use the minus sign to indicnte a dincrease in the "Thcrease/(Decrease)" colurnns. If required, round percentages to shi decimal ploce. 1. Prepare a comparative income statement with harizontal analysis for the two-year perlod, using 20y1 as the base year, Use the minus sign to indicate a decrease in the "Increase/(Decrease)" columnsi. If required, round percentoges to one decimal place. 2. Net income has from 201 to 20r2, 5ales have I howeves, the cost of goods sold has at a faster rate than sales, causing the gross prohit to