MAM Manufacturing has provided the following comparative Income statements 54:34 Hide Tu Net sales Cost of goods sold Gross margin Selling and administrative expenses Depreciation Operating profit Income taxes Net Income 2012 2013 2014 $ 108,600 $134,400 $143,890 58.380 66,820 73,970 50.220 67,580 69,920 24.770 29,650 36,680 3,640 8060 21.810 32,480 25.180 7.270 8,120 6.295 $14,540 $24,360 $18.885 5.450 Prepare a horizontal analysis of M&M's 2014 Income statement. (Round percentage answers to 2 decimal places, 68.1.64%. If amount and percentage are a decrease enter the numbers using either a negative sin preceding the number -4.527 or 164 or parentheses (4.527) (1.600) 2014 2013 Change % Change . $ . X . . % * . $