Varalysis of income Statement Revenue and expense data for Trnovation Quarter inc for two recent years are as follow Current Year Previous Year Sales 3551.000 3465,000 Cost of goods sold 202,090 212,950 Selling expenses 104,690 101.860 Administrative expenses 110,200 87,070 Income tax expense 16,530 23.150 A Prepare an income statement in comwativ form. Sating vadiem for both wears a perired, rood percentages to one decimal place. Enter all amounts as positiva numbers Innovation Quarter Inc. Comparative Income Statement For the Years Ended December 1 Current year amount Current wear Porcent Previous year Amount Piesea Percent Sales $551.000 100 1463.000 100 Cost of goods sold 292.030 212,980 Crossrofil 49 X 104,690 Se expenses Administrative perses 101 860 37.970 110,200 10:00:00 Total operating Income from prations 1000 16,530 Income taxe 23.150 Nelsen - Vertical Analysis of Income Statement Revenue and expere data for Innovation Quarter Inc for two recent years are as follows: Current Year Previous Year $551,000 $463,000 212.900 Sales Cost of goods sold Selling expenses Administrative expens Income tax expense 292,030 104,690 110,200 36,550 101,860 87,970 23.150 . Prepare an income Matement in comparative form, stating each item for both in srcent of sales. If required, round contexto one decimal placenter om as positive number Innovation Quarter Int. Comparative Income Statement For the Year Ended December 31 Current year Ant Current year Percent Previous Year At Previous year force ses 5551,000 100 1463,000 100 Cost of goods sold 292,010 212.900 GROSS pro 49 X seling expenses 104,90 101,850 Administrative expenses 110.200 87.970 Total operating Incontrations Income taxe 16.530 Nemam X IR