income tax expense Net Income (13,000) $ 130,300 (20,000) $ 202,000 Instructions: 1. Prepare a comparative income statement with hortzontally for the two year period, using 2072 as these yearEnter decreases as negative amounts and negative percentages. Mund percentage changes to one decimal place Greyhound Technology Company Comparative Income Statement For the Year End December 31, 2013 and 2012 Increase (Decret) The (Decrease) 2013 2012 Amount Percent 5162,000 $70,000 1435.000 Cost of good old (650,000)(500,000) Grow prot 5212,000 $285,000 (44.000) 40,000) Administrative expenses (27.000) (25.000 Tot operating expenses 71.000) (65.000) Income from operations 5141.000 $220.000 Other even 2.300 2.000 Income before income to 5143,300 5222.000 thcometa sense (12.000 20.000) Net income 5930,300 202.000 Check My Work Horizont Analysis for Income State For 20y), Greyhound Technology Company reported its most significant decline in net income in years. At the end of the year, Duane Vogel, the president is presented with the following condemned comparti Income statement: GREYHOUND TECHNOLOGY COMPANY Comparative Income Statement For the Years Ended December 31, 2013 and 2017 2013 2012 S 5062.000 5785,000 Cost of goods sold (650.000) (500.000) profit $ 212.000 $285,000 Selling expenses 5 (44000) 5 (40,000) (27.000 125.000) Total Operating expenses 571,000) $(65.000) come from operations $141.000 $ 220,000 Other revenue 2.300 2.000 Income before income tax 510.300 $ 222.000 income tax expense (13.000 120.000) The income 5 130 300 202.000 Instructions: 1. Preowe a corte income statement with botontal analysis for the two-year pered, using 2012 as the base, yet Enter decreases as negative amounts and negative percentages. Round percentage changes to ohledecimal place Check My Word