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 $ 18,300,000 $ 15,000,000 13,395,000 6,705,000 4,904,400 8,295,000 1,464,000 1,080,000 878,400 878,400 109,800 1,372,500 360,000 1,079,700 5,976,600 347,700 1,860,000 $ 732,000 $ 4,116,600