Income statement data for Winthrop Company for two recent years ended December 31 are as follows:

	Current Year		Previous Year
Sales	$570,400			$460,000
Cost of merchandise sold	475,800			390,000
Gross profit	$94,600			$70,000
Selling expenses	$27,360			$24,000
Administrative expenses	24,400			20,000
Total operating expenses	$51,760			$44,000
Income before income tax expense	$42,840			$26,000
Income tax expenses	17,100			10,400
Net income	$25,740			$15,600

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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.

	Current year Amount	Previous year Amount	Increase (Decrease) Amount	Increase (Decrease) Percent
Sales	$570,400	$460,000	$fill in the blank 99709afb3f8ffdb_1	fill in the blank 99709afb3f8ffdb_2%
Cost of merchandise sold	475,800	390,000	fill in the blank 99709afb3f8ffdb_3	fill in the blank 99709afb3f8ffdb_4%
Gross profit	$94,600	$70,000	$fill in the blank 99709afb3f8ffdb_5	fill in the blank 99709afb3f8ffdb_6%
Selling expenses	$27,360	$24,000	$fill in the blank 99709afb3f8ffdb_7	fill in the blank 99709afb3f8ffdb_8%
Administrative expenses	24,400	20,000	fill in the blank 99709afb3f8ffdb_9	fill in the blank 99709afb3f8ffdb_10%
Total operating expenses	$51,760	$44,000	$fill in the blank 99709afb3f8ffdb_11	fill in the blank 99709afb3f8ffdb_12%
Income before income tax expense	$42,840	$26,000	$fill in the blank 99709afb3f8ffdb_13	fill in the blank 99709afb3f8ffdb_14%
Income tax expense	17,100	10,400	fill in the blank 99709afb3f8ffdb_15	fill in the blank 99709afb3f8ffdb_16%
Net income	$25,740	$15,600	$fill in the blank 99709afb3f8ffdb_17	fill in the blank 99709afb3f8ffdb_18%