The horzontal analysis prepared in (1). , comment on the significant relationships revealed PR 14-2A Vertical analysis of income statement 0Y2, For 20Y2, Tri-Comic Company initiated a sales promotion c obj. 2 ampaign that included the 0.0% expenditure of an additional $50,000 for advertising. At the end of the year, Lumi Neer, the president, is presented with the following condensed comparative income state ment Tri-Comic Company Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 MPLATE 20Y2 20Y1 Sales $1,500,000 $1,250,000 510,000475,000 $990,000 775,000 270,000 $200,000 Gross profit . Selling expenses 180,000 Total operating expenses Income from operations Other income Income before income tax Income tax expense Net income 156,250 S 450,000 356,250 S 540,000 418,750 50,000 600,000 $ 468,750 . . . . . .. 60,000 . .. .. . . . .. 375,000 450,000 S 150,000 93,750 (Continued)