Performing a Vertical and Horizontal Analysis Complete a vertical analysis of the following income statement from Gomez Corporation. Do not use a negative sign in your answers. Round to the nearest whole percentage point (for example, enter 60 for 60.4% or 61 for 60.5%). 096 0 % Vertical Analysis 2020 2019 Income Statement 2020 2019 % of Sales % of Sales Revenues $100,000 $110,000 0% 0% Cost of goods sold 60,800 68,400 0 % 0 % Gross margin 39,200 41,600 0 % 0 % Operating expenses 23,100 26,250 Net Income $ 16,100 $ 15,350 0 % 0 % Complete a horizontal analysis of the following income statement from Gomez Corporation. Use a negative sign to indicate a decrease. Round to the nearest whole percentage point (for example, enter 60 for 60.4% or 61 for 60.5%). Horizontal Analysis Dollar Percentage Income Statement 2020 2019 Change Change Revenues $100,000 $110,000 $ Cost of goods sold 60,800 68,400 $ 0 0 % Gross margin 39,200 41,600 $ 0 % Operating expenses 23,100 26,250 $ 0 0 % $ 16,100 $ 15,350 $ 0 % 0 0 % 0 Net Income 0