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Thumbs up to correct answers For 20Y2, Macklin Inc. reported a significant decrease in net income. At the end of the year, John Mayer, the

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For 20Y2, Macklin Inc. reported a significant decrease in net income. At the end of the year, John Mayer, the president, is presented with the following condensed. comparative income statement: 1. Prepare a comparative income statement with horizontal analysis for the two-year period, using 20y1 as the base yeac, Use the minus sign to indicate a decrease in the "Increase/(Decrease)" columns. If required, round percentages to one decimal place. 2. Net inceme has from 2041 to 20r2. 5 ales have 7 howevec, the cost of goods sold has rate than sales, causing the gecss proht to

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