Perform both a Vertical and Horizontal Trend analysis on the following Income Statement

	2021	2022
Sales	$ 1,500,000	$ 1,325,000
Cost of Goods Sold	$ 950,000	$ 925,000
Gross Profit	$ 550,000	$ 400,000
Marketing Expense	$ 17,000	$ 23,000
Insurance Expense	$ 25,000	$ 33,000
Depreciation expense	$ 75,000	$ 75,000
Total Operating Expenses	$ 117,000	$ 131,000
Income from operations (EBIT)	$ 433,000	$ 269,000
Interest expense	$ 175,000	$ 125,000
Income before taxes (EBT)	$ 258,000	$ 144,000
Income taxes	$ 103,200	$ 57,600
Net Income	$ 154,800	$ 86,400