Prepare a horizontal and vertical income statement analysis (percentage based) for all three years, as well as mention formulas and explain how is about each item that how is the company performing in this regard.

( answer in percentage based is already given and Just remember to answer this question by providing the formula that you used to get the percentages.)

only solve this question if you are good at it

SUMMARY OF PROFIT OR LOSS SIX YEARS 2021 2020 Rs Rs Profit or Loss Account Sales - gross Sales-net Cost of Sales Gross profit Selling & Distribution expenses Administrative expenses Other operating expenses Other operating income Share of profit from associated company Profit from operation Finance cost Profit/ (loss) before taxation Taxation Profit/ (loss) after taxation Balance Sheet Total equity Total non-current liabilities Total current liabilities Total equity and liabilities Total non-current assets Total current assets Toal assets 44,949 37,308 (30,114) 7,194 (4,236) (652) (394) 393 601 2,907 (694) 2,214 (437) 1,777 11,275 15,201 14,514 40,990 26,218 14,772 40,990 40,807 100.00% 33,218 100.00% -80.72% (26,340) -79.30% 19.28% 6,878 20.70% -11.35% (4,469) -13.45% -1.75% (594) -1.79% -1.06% (181) -0.55% 1.05% 353 1.06% 1.61% 492 1.48% 7.79% 2,479 7.46% -1.86% (1,156) -3.48% 5.93% 1,323 3.98% -1.17% (391) -1.18% 4.76% 932 2.81% 27.51% 9,900 26.39% 37.09% 15,674 41.79% 35.41% 11,934 31.82% 100.00% 37,508 100.00% 63.96% 24,942 66.50% 36.04% 12,566 33.50% 100.00% 37,508 100.00% Rs 2019 37,011 30,091 100.00% (23,737) -78.88% 6,354 21.12% (3,590) -11.93% (541) -1.80% (172) -0.57% 213 0.71% 45 0.15% 2,309 7.67% (905) -3.01% 1,404 4.66% (437) -1.45% 967 3.21% 7,374 27.35% 8,824 32.72% 10,766 39.93% 26,964 100.00% 16,100 59.71% 10,864 40.29% 26,964 100.00%