The income statements for Anything Kayaking for the years ending December 31, 2024 and 2023, are provided below. Required: 1. Complete the "Amount" and "%" columns to be used in a horizontal analysis of the income statements for Anything Kayaking. (Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) ANYTHING KAYAKING Income Statements For the Years Ended December 31 2024 2023 Net sales Cost of goods sold Gross profit $ 3,380,000 $ 2,540,000 2,110,000 1,360,000 1,270,000 1,180,000 Operating expenses 790,000 614,000 Operating income 480,000 566,000 Other income (expense) 9,200 5,600 Income before tax 489,200 571,600 Income tax expense 98,000 136,000 Net income $ 391,200 $ 435,600 Increase (Decrease) Amount %