QUESTION 3 Income statement data for Atif Creative Sdn Bhd for the years ended 31 December 2019 and 2018, are as follows: 2019 2018 (RM) (RM) Sales 117,000 150.000 Cost of goods sold 56,000 70.000 Gross profit 61,000 80,000 Selling expenses 36,000 37.500 Administrative expenses 12,500 10,000 Total operating expenses 48,500 47,500 Income before tax 12,500 32,500 Taxation 2,000 10,000 Net income after tax 10,500 22,500 REQUIRED: (a) Prepare a comparative income statement with horizontal analysis, indicating the increase (decrease) for 2019 when compared with 2018. (b) What conclusion can be drawn from the above horizontal analysis