please show work

* Return to course Business Course Question 7 Not yet answered Marked out of 5.00 P Flag question 2020 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%). Vertical Analysis 2020 2019 Income Statement 2019 % of Sales % of Sales Revenues $39,000 $42.900 96 % Cost of goods sold 25,920 29,160 96 Gross margin 13.080 13,740 % Operating expenses 8,800 10.000 %6 Net income $4,280 $ 3.740 96 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%). *** 96 Percentage Change Horizontal Analysis Dollar Income Statement 2020 2019 Change Revenues $39,000 $42,900 $1 Cost of goods sold 25,920 29,160 S Gross margin 13,080 13,740 $ Operating expenses 8.800 10,000 $ Net income $ 4.280 $3,740 5 96 96 96 Question 8 Not yet answered Marked out of 5.00 P Flag question Indirect Method - Preparing the Operating Activities