pare a comparative income statement with vertical analysis Objective to pre The 20X2 and 20X3 income statements for Fullam's Bedding Company follow Fullam's Bedding Company Comparative Income Statement For Years Ended December 31, 20X2 and 20X:3 20x2 20x3 $2,3500 0 0 00 $1,800 0 0000 150000 00 200 0 0000 $2,200 0 0 0 00 $1,6000 0000 1,606 00000 1,1200 00 00 594 00000S 480 0 0000 Sales Less: Sales returns Net sales Cost of goods sold Gross proft Expenses: $ (188 5 20 00)5(196 80000) (1256 8000) (131 20000) (22 4 00 00) (24000 00) (83 6 36 00) (33 17000) $ 173764 00$ 948 3000 Selling General Interest Income laxes Net income Directions: repare a classified comparative income statement with vertical analysis for Fullam Round all percents to the ncarest tenth of a percent. yze the statement, commenting on the strengths and weaknesses shown by the changes in the operating results 2. Aual X2 and 20X3 20X3 20X2 $2,350 00 0 00 $1,800 0 0000 150000 00 200 000 00 $2,200 0 00 00 $1,600 0 0000 1,606 000 00 1,1200 0000 $ 594 00000 $ 480 000 00 $ (188 5 20 00)$(196 80000) (125 6 8000) (131 20000) (22 4 0000) (24 000 00) (83 6 3 6 00) (33 17000) 94 8 3000 $1737 6400 1. 20x3 20X2 Amount Percent Amount Percent Check Figure 2