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The following is summary of information presented on the financial statements of a company on December 31, 2018 Increase (Decrease) $ % Account Net Sales

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The following is summary of information presented on the financial statements of a company on December 31, 2018 Increase (Decrease) $ % Account Net Sales Revenue Cost of Goods Sold Gross Profit Selling Expenses Net Income Before Income Tax Expense Income Tax Expense Net Income 2018 2017 $250,000 $216,000 189,250 164,592 60,750 51,408 41,210 36,330 19,540 15,078 4,470 3,900 $15,070 $11,178 Prepare a horizontal analysis

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