Horizontal Anelysis of Income Statement For 2or2, McDade Company roported a decline in net income. At the end of the year, T. Burrows, the president, is presented with the following condensed comparative income thatement: 1. Prepare a comparative income statement with hortzontal analysis for the two-year period, usiog 201 as the base year. Round percentages to one decimal place. Use the minus son to indleate a decrease in the "Difference" columns. 2. Netincomie tas from zort to 20rz. Sales heve I however, the cost of merchandiat bold has , causing the arses pechit to