10 points #1 HORIZONTAL ANALYSIS INSTRUCTIONS: Prepare a horizontal analysis of the income statement for Moran Corp. using 2020 as the base year. Moran Corp. Comparative Condensed Income Statement For the years ended December 31 2021 2020 500 600 350 300 Net Sales Cost of goods sold Gross Profit Operating expenses Net Income 250 200 40 50 200 160 10 points 4 #2 VERTICAL ANALYSIS INSTRUCTIONS: Prepare a vertical analysis of the income statement for Moran Corp. . Moran Corp. Comparative Condensed Income Statement For the years ended December 31 27 28 29 30 31 32 39 34 35 2021 600 350 2020 500 300 Net Sales Cost of goods sold Gross Profit Sheet1 36 250 200 Ready B E 10 points #2 VERTICAL ANALYSIS INSTRUCTIONS: Prepare a vertical analysis of the income statement for Moran Corp. Moran Corp. Comparative Condensed Income Statement For the years ended December 31 2021 600 350 Net Sales Cost of goods sold Gross Profit Operating expenses Net Income 2020 500 300 200 40 250 50 200 160