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Here are the comparative income statements of Crane Corporation. CRANE CORPORATION Comparative Income Statement For the Years Ended December 31 2022 2021 Net sales $625,500 $573,800 Cost of goods sold 457,900 434,800 Gross Profit 167,600 139,000 Operating expenses 70,800 44,000 Net income $ 96,800 $ 95,000 (a) Prepare a horizontal analysis of the income statement data for Crane 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, e.g. 12.1%.) $573 % of CRANE CORPORATION Comparative Income Statement choose the accounting period Increase or (Decrease) During 2022 202 202 2 1 Amount Percentage Net $enter a dollar $625 enter percentages rounded to 1 amount sales ,500 ,800 decimal placel Cost 457, 434, enter a dollar amount enter percentages rounded to 1 good 900 800 S decimal place! sold Gross 167, 139, enter a dollar amount enter percentages rounded to 1 Profit 600 000 decimal place Oper ating 70,8 44,0 enter a dollar amount enter percentages rounded to 1 expe 00 decimal place nses Net $enter a dollar $ 96, $ 95, enter percentages rounded to 1 inco amount 800 000 me decimal place % % % 00 % (b) Prepare a vertical analysis of the income statement data for Crane Corporation for both S years. (Round percentages to 1 decimal place, e.g. 12.1%.) CRANE CORPORATION Condensed Income Statements choose the accounting period 2022 2021 Percent Percent Net $62 enter percentages rounded $57 enter percentages rounded sale 5,50 to 1 decimal place % 3,80 to 1 decimal place % 0 0 Cost of enter percentages rounded enter percentages rounded 457, goo 434, to 1 decimal place % 900 to 1 decimal place % 800 ds sold Gros enter percentages rounded enter percentages rounded 167, to 1 decimal place % 139, Profi 600 000 to 1 decimal place % t Ope ratin enter percentages rounded 70,8 enter percentages rounded 9 to I decimal place % 44,0 to 1 decimal place % exp 00 00 ens es Net enter percentages rounded enter percentages rounded $ 96 inco $ 95 to 1 decimal place % to 1 decimal place % ,800 ,000 me S t