Question 7 (5 points) Complete a horizontal analysis for the following portion of an income statement. Round to the nearest tenth of a percent. This Year Last Year Increase or (Decrease) Amount Percent Net Sales $387,000 $350,000 Cost of Goods Sold $296,000 $215,000 Gross Profit $91,000 $135,000 Find the amount of increase or (decrease) in Net Sales. $23,000 $37,000 ($23,000) O($37,000)