please do follow the format and carefully count the boxes properly. NEED ASAP THANK YOU SO MUCH!!

Here are the comparative condensed income statements o Vaughn Corporation Condensed Income Statements For the Years Ended December 31 2022 2021 Net sales $676,000 $561,000 Cost of goods sold 531,336 462,264 Gross profit 144,664 98.736 Operating expenses 93,964 52,734 Net income $ 50,700 $ 46,002 (a) Prepare a horizontal analysis of the income statement data for increase or decrease.) (Enter negative amounts and percentages i parentheses e.g. (45), (45%). Round percentages to 1 decimal place VAUGHN CORPOR Condensed Income Prepare a horizontal analysis of the income statement data for Vaughn Corporation, using 2021 as a base. (Show the amounts of increase or decrease. (Enter negative amounts and percentages using either a negative sign preceding the number eg -45,-45% or parentheses eg. (45), (45%). Round percentages to 1 decimal place, e8. 12.3%) VAUGHN CORPORATION Condensed Income Statements Increase or (Decrease) During 2022 Percentage 2022 2021 Amount Net sales $676,000 $561,000 96 Cost of goods sold 531,336 462,264 96 Gross profit 144.664 98,736 95 Operating expenses 93,964 52.734 96 Net income $50,700 $46,002 $ 96 (6) Prepare a vertical analysis of the income statement data for Vaughn Corporation for both years. (Round percentages to 1 decima place, e.g. 12.3%) VAUGHN CORPORATION Condensed Income Statements 2022 2021 Amount Percent Amount Percent Net sales $676,000 96 $561,000 96 Cost of goods sold 531,336 %6 462,264 9 Gross profit 144,664 96 98,736 96 Operating expenses 93.964 96 52,734 96 Net income $ 50,700 9% $ 46,002 %