The Nichols Corporation data for the current year:

Account	Current year	Prior year
Current assets	$75,600	$60,000
A/R	$59,400	$44,000
Mdse. Inventory	$51,200	$40,000
Current liabilities	$71,500	$55,000
Long-term liabilities	$36,000	$30,000
Common stock (5,000 shares)	$47,460	$42,000
Retained earnings	$31,240	$17,000
Net sales revenue	$607,700	$515,000
COGS	$469,700	$385,000
Gross Profit	$138,000	$130,000
Selling/General expenses	$49,080	$52,000
Net income before taxes	$88,920	$78,000
Income tax expense	$20,520	$18,000
Net Income	$68,400	$60,000

What would a horizontal analysis report with respect to net income before income tax expense and net income?