2018	vertical analysis	2017	vertical analysis	difference	horizontal anaylsis
sales	$485,625	100%	$462,500	100%
cost of goods sold	222,694		208,125
gross profit	262,931		254,375
operating expenses
saleries and wages expenses	147,979		146,350
depreciation expense	17,600		9,100
other operating expenses	48,186		42,925
total operating expenses	213,765		198,375
income from operations	49,166		56,000
other expenses
interest expense	413		0
loss on disposal of plant assests	2,500		0
total other expenses	2,913		0
income before income tax	46,253		56,000
income tax expense	9,251		14,000
net income	37,002		42,000

(b) Prepare a horizontal analysis of the income statement for Cookie & Coffee Creations Inc. using 2017 as a base year.

(c) Prepare a vertical analysis of the income statement for Cookie & Coffee Creations Inc. for 2018 and 2017.