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.) COMPANY A Income Statement For the Years Ended December 31 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 Year Year 2 18,400,000 $ 13,358,400 5,041,600 1.490,400 901.600 128 800 1.398,400 1,122,400 368,000 754,400 5 Year 1 15.100.000 6,764,800 8,335,200 1,102,300 901,600 347,300 5,984,000 1,887,500 4,096,500 $ Perform a horizontal analysis providing both the amount and percentage change. (Round Percentage answers to 1 decimal place. Decreases should be indicated by a minus sign.) Cash Accounts receivable Inventory Long-term assets Total assets Year 2021 2020 $ 278,860 $ 730,000 324,090 130,000 715,680 630,000 3,280, 330 2,230,000 $4,598,960 $3,720,000 Increase (Decrease) Amount % Cash Accounts receivable Inventory Long-term assets Total assets