Please help

2012 2011 Sales $609,172 S522,000 Cost of merchandise sold 442,200 330,000 Gross profit $166,972 5192,000 $62,700 $44,000 Selling expenses Administrative expenses 36,570 28,000 Total operating expenses $99,270 $72,000 Income from operations $67,702 $120,000 Other revenue 2,697 2,200 Income before income tax expense $70,399 S122,200 Income tax expense 19,700 36,700 Net income $50,699 $85,500 Required: 1. Prepare comparative income statement with horizontal analysis for the two-year period, using 20Y1 as the base year. Round percentages to one decimal place. Use the minus sign to indicate a decrease in the "Difference" columns. McDade Company Comparative Income Statement For the Years Ended December 31, 2012 and 2041 Difference Difference - Amount - Percent 2012 2011 Sales $609,172 $522,000 % Cost of merchandise sold 442,200 330,000 19% Gross profit $166,972 $192,000 19% Selling expenses $62.700 $44,000 19% Administrative expenses 36,570 28,000 19% Total operating expenses $99,270 $72,000 ititi Income from operations $67,702 $120,000 % Other revenue 2,697 2,200 19% Income before income tax expense $70,399 $122,200 % Income tax expense 19,700 36,700 1% Net income $50,699 $85,500 1% 2. Net income has from 20Y1 to 20Y2. Sales have ; however, the cost of merchandise sold has causing the gross profit to