income statement data for winthrop company for two recent years ended december 31, are as follows: current year previous year sales $393,600 $320,000 cost of goods sold 338,800 280,000 gross profit $54,800 $40,000 selling expenses $15,820 $14,000 administrative expenses 14,520 12,000 total operating expenses $30,340 $26,000 income before income tax $24,460 $14,000 income tax expenses 9,800 5,600 net income $14,660 $8,400 question content area 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.