Prepare a horizontal analysis for Year 2 using Year 1 as the base year. (Decreases should be indicated with a minus sign. Round your percentage answers to 1 decimal place.) COMPANY A Income Statement For the Years Ended December 31 Year Increase (Decrease) Amount % Year 2 Year 1 Net sales $ 19,300,000 $ 16,000,000 7,312,000 8,688,000 Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write-down Loss (litigation) 1,312,000 1,119,400 12,969,600 6,330,400 1,737,000 1,119,400 308,800 1,640,500 1,524,700 559,700 965,000 Income before tax 384,000 5,872,600 2,144,000 3,728,600 Income tax expense Net income $ $