Print Item eBook Calculator Vertical analysis of income statement Income statement Final Question For 20Y2, Tri-Comic Company initiated a sales promotion campaign that included the expenditure of an additional $50,000 for advertising. At the end of the year, Lumi Neer, the president, is presented with the following condensed comparative income statement Tri-Comic Company Comparative Income Statement For the Years Ended December 31 20Y2 and 20Y1 20Y2 20Y1 Sales $1.500.000.00 5000000 475.000.00 Cost of goods sold S990,000.00 ST500000 Gross profit Selling expenses $270.000.00 $200,000.00 180,000.00 156,250.00 Administrative expenses S450,000.00 Total operating expenses $356,250.00 heck My Work 3 more check My work uses remaining Type here to search Co Pa