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Problem 12-2B Perform horizontal analysis (L012-2) The income statements for Galaxy Tennis for the years ending December 31, 2021 and 2020, are provided below. Required:

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Problem 12-2B Perform horizontal analysis (L012-2) The income statements for Galaxy Tennis for the years ending December 31, 2021 and 2020, are provided below. Required: 1. Complete the "Amount" and "%" columns to be used in a horizontal analysis of Galaxy Tennis income statement. (Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) GALAXY TENNIS Income Statements For the Years Ended December 31 Increase (Decrease) Amount % $ Net sales Cost of goods sold Gross profit Operating expenses Operating income Other income (expenso) 2021 6,375,000 2,940,000 3,435,000 1,555,000 1,880,000 69,000 1,949,000 408,000 1,541,000 2020 6,430,000 2,965,000 3,465,000 1,426,000 2,039,000 103,000 2,142,000 444,000 1,698,000 Income before tax Income tax expense Net income $ $

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