[The following information applies to the questions displayed below.

RELSE SALES & SERVICE

Comparative Income Statement

For the Years Ended June 30, 2020 and 2019

Revenue Sales $1,429,000 1,390,000

Less: Sales Returns and Allowances 67,500 62,500

Net Sales 1,361,500 1,327,500

Sed Cost of Goods Sold 799.000 774,000

Gross Profit 562,500 553,500

Operating Expenses Selling Expenses 231,500 225,000

General and Administrative Expenses 242,500. 230,600

Total Operativa Expenses 474,000 455,600

Income from Operations before Income Taxes 88,500 97,900

Income Tax Expense 26.550 29,370

Net Income after Income Taxes $ 61,950 68,530

Using the information shown, prepare a horizontal analysis (Round your final answers to 1 decimal place.)