Like many companies in the custom home building industry, Michael Moreno's company has had its share of ups and downs over the past few years. Even though sales have been up, the bottom line has been slowly shrinking. Like any business owner, he is concerned about the information on the company's income statement and has called you in to review the last three years. Using 20XX as your baseline, perform a horizontal analysis to compare changes his company experienced.Moreno's Custom Built Homes Consolidated Income Statements (In thousands, except per share amounts) Dec. 31, 20zz Dec. 31, 20yy Dec. 31, 20xx NET SALES $6,208,218 $5,667,909 $5,350,927 Cost of sales 3,205,203 2,627,446 2,719,134 GROSS PROFIT 3,003,015 2,905,800 2,451,220 Selling, general