The income statements for Company A for Year 2 and Year 1 are presented below. Required: Prepare a horizontal analysis for Year 2 using Year 1 as the base year. (Decreases should be indicated with a minus sign. Round your percentage answers to 1 decimal place.) Increase (Decrease) Amount % Net sales Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write-down Loss (litigation) Income before tax Income tax expense Net income COMPANY A Income Statement For the Years Ended December 31 Year Year 2 Year 1 $ 17,900,000 $ 14,600,000 13,532,400 6,467,800 4,367,600 8,132,200 1,360,400 992,800 787,600 787,600 35,800 1,270,900 219,000 912,900 6,132,800 268,500 1,752,000 $ 644,400 $ 4,380,800