Please show how work is achieved

iPad % 7:32 PM The comparative condensed income statements of Emley Corporation are shown below Exercise 18-11 Ended Deermber 3 Revlew Score Review Results by Study Net sales Cost of goods 420,000 180,000 120,000 60,000 Gress profit 177,000 125,000 52,000 Prepare a horizontal analysis of the income statement data for Emley Corporation using 2016 as a base. (Enter negative amounts and percentages using either a negative sign preceding the number e -45,-45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.) During 201 660,000 5600,000 60,000 Cost of goods sold 43,000 420,000 63,000 15 Gross profe 177,000 180,000 Operating espennes 125,000 120,000 5,000 52,000 60,000 8,000 Prepar a vertical analysis of the income statement data for tmley Corporation in Cokrmnar form for both years. (Rond percentages to 1 decimal place, e.g. 12.3%.) Cost of goods sold 483,000 Gross profi Operating expenses 125,000 420,000 177,000 120,000 $2,000 60,000