Required information The following information applies to the questions displayed below.) 2019 REESE SALES & SERVICE Comparative Income Statement For the Years Ended June 30, 2020 and 2019 2020 Revenue Sales $1,429,000 Less: Sales Returns and Allowances 67,500 Net Sales 1,361,500 Cost of Goods Sold Gross Profit 562,500 Operating Expenses Selling Expenses General and Administrative Expenses 242.500 Total Operating Expenses 474.000 Income from Operations before Income Taxes 88,500 Income Tax Expense 26.550 Net Income after Income Taxes $ 61,950 1,390,000 62,500 1,327,500 774,000 553,500 225,000 20.600 455,600 97,900 29,370 68.530 Using the information shown, prepare a horizontal analysis. (Round your final answers to 1 decimal place.) REESE SALES & SERVICE Comparative Income Statement (Horizontal analysis) For the Years Ended June 30, 2020 and 2019 Increase or Account name Percent Score answer >