Current Attempt in Progress Here are the comparative condensed income statements of Blue Spruce Corporation. BLUE SPRUCE CORPORATION Condensed Income Statements For the Years Ended December 31 2022 2021 Net sales $540,000 $450,000 Cost of goods sold 441,180 381,600 Gross profit 98,820 68,400 Operating expenses 67,500 40,500 Net income $31,320 $27,900 (a) Prepare a horizontal analysis of the income statement data for Blue Spruce Corporation, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000). (20%). Round percentages to 1 decimal place, eg 12.1%) BLUE SPRUCE CORPORATION Condensed Income Statements