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ulalureassighment-take&linprogress-false eBook Show Me How Calculator Print Item Horizontal Analysis of the Income Statement Income statement data for Winthrop Company for two recent years ended
ulalureassighment-take&linprogress-false eBook Show Me How Calculator Print Item Horizontal Analysis of the Income Statement Income statement data for Winthrop Company for two recent years ended December 31, are as follows: Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income before income tax Current Year $372,000 317,200 $54,800 $15,960 14,640 $30,600 $24,200 9,700 $14,500 Previous Year $300,000 260,000 $40,000 $14,000 12,000 $26,000 $14,000 5,600 $8,400 %) Income tax expenses Net income a. Prepare a comparative income statement with horizontal analysis, indicating the increase (decrease) for the current year when compared with the previous year. If required, round to one decimal place Winthrop Company Comparative Income Statement For the Years Ended December 31 Current Previous Increase Increase year year (Decrease) (Decrease) Amount Amount Amount Percent
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