How did I get the income tax expense percentage wrong?

Horizontal Analysis of Income Statement For 20Y2, Macklin Inc. reported a significant decrease in net income. At the end of the year, John Mayer, the president, is presented with the following condensed comparative income statement: Macklin Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2041 20Y2 2011 Sales $579,997 $503,000 Cost of goods sold (422,400) (320,000) Gross profit $157,597 $183,000 Selling expenses $(58,800) $(42,000) Administrative expenses (34,780) (27,000) Total operating expenses $(93,580) $(69,000) Operating income $64,017 $114,000 Other revenue 2,707 2,100 Income before income tax expense $66,724 $116,100 (34,800) Income tax expense (18,700) Net income $48,024 $81,300 Required: 1. Prepare a comparative income statement with horizontal analysis for the two-year period, using 20Y1 as the base year. Use the minus sign to indicate a decrease in the "Increase/Decrease)" columns. If required, round percentages to one decimal place. 1. Prepare a comparative income statement with horizontal analysis for the two-year period, using 20Y1 as the base year. Use the minus sign to indicate a decrease in the "Increase/Decrease)" columns. If required, round percentages to one decimal place. Macklin Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2041 Increase/ Increase/ (Decrease) (Decrease) 2012 2011 Amount Percent Sales $579,997 $503,000 $ 76,997 15.3 % Cost of goods sold (422,400) (320,000) 102,400 32 % Gross profit $157,597 $183,000 $ -25,403 -13.9 % Selling expenses $(58,800) $(42,000) $ 16,800 40 % Administrative expenses (34,780) (27,000) 7,780 28.8 % Total operating expenses $(93,580) $(69,000) 24,580 35.6 % | Operating income $64,017 $114,000 $ -49,983 -43.8 % Other revenue 2,707 2,100 607 28.9 % Income before income tax expense $66,724 $116,100 $ -49,376 -42.5 % % Income tax expense (18,700) (34,800) -16,100 -46.2 X % Net income $48,024 $81,300 $ -33,276 -40.9 % Feedback NI ------- C. -- AVAV c_T-- --... ---- -------- ----Husnad Administrative expenses (34,780) (27,000) 7,780 28.8 % Total operating expenses $(93,580) $169,000) $ 24,580 35.6 % Operating income $64,017 $114,000 $ -49,983 -43.8 % % Other revenue 2,707 2,100 607 28.9 % Income before income tax expense $66,724 $116,100 $ -49,376 -42.5 % Income tax expense (18,700) (34,800) -16,100 -46.2 X % Net income $48,024 $81,300 $ -33,276 -40.9 % Feedback ; however, the cost of goods sold has increased at a faster rate than 2. Net income has decreased from 20Y1 to 2042. Sales have increased sales, causing the gross profit to decrease Feedback Check My Work Review the relationship the accounts have and the effect the differences show about the business. Feedback Check My Work Partially correct