Income statement data for Boone Company for two recent years ended December 31, are as follows: Current Year Previous Year Sales $858.000 $660,000 Cost of goods sold 723,900 570,000 Selling expenses S40,800 $34.000 Administrative expenses 35,840 28,000 Income tax expenses 23,000 11,200 Prepare a comparative multi-step income statement. Then prepare a horizontal analysis, indicating the increase (decrease) for the current year when compared with the previous year. Statement Horizontal Analysis Increase/(Decrease) Increase/(Decrease) Current Year Previous Year $ % Sales $ 858,000 $ 660,000 #NAME? S 723,900 $ 570,000 #NAME? S 40,800 $ 34,000 $ 35,840 $ 28,000 S 23,000 $ 11,200 Gross Profit Operating Income - - Cost of goods sold + Cost of goods sold - Income tax expenses + Income tax expenses - Selling expenses + Selling expenses Gross Profit Operating Income