Revenue and expense data for Bluestem Company are as follows: Year 2 Year 1 Administrative expenses Cost of goods sold Income tax Sales $37,000 350,000 40,000 800,000 $20,000 320,000 32,000 700,000 110,000 Selling expenses 150,000 a. Prepare a comparative income statement, with vertical analysis, stating each item for both years as a percent of sales. Round percents to one decimal point. Bluestem Company Comparative Income Statement For Years Ended December 31, Year 2 and Year 1 Year 2 Amount Year 2 Percent Year 1 Amount Year 1 Percent Total operating expenses b. Comment upon significant changes disclosed by the comparative income statement. There was in selling expenses offset the in the cost of goods sold, and in cost of goods sold and contributed greatly to the in administrative expenses. However, the more significant in net income