Question 2 ints View Policies Current Attempt in Progress upport Here are the comparative income statements of Ayayai Corp.. AYAYAI CORP. Comparative Income Statement For the Years Ended December 31 2019 2018 Net sales $612,000 $510,000 Cost of goods sold 490,212 437,580 Gross Profit 121,788 72,420 Operating expenses 80,784 44,370 Net income $ 41,004 $28,050 Prepare a horizontal analysis of the income statement data for Ayayal Corp, using 2018 as a base. (If amount and percentage are a decrease show the numbers as negative, es. -55,000, 20% or (55,000). (20%). Round percentages to I decimal place, eg. 12.1%) AYAYAI CORP Comparative Income Statement Increase or (Decrease) During 2019 Amount Percentage Net sales 2019 2018 $612,000 $510,000 $ 490,212 437580 Cost of goods sold Gross Profit 121,788 72.420 Operating expenses 80.784 44370 Net income $ 41,004 $28.050 $ Prepare a vertical analysis of the income statement data for Ayayal Corp. for both years. (Round percentages to 1 decimal place, eg 12.1%) AYAYAI CORP. Condensed Income Statements 2019 2018 Percent Percent Net sales $612,000 % $510.000 Cost of goods sold 490,212 % 437.580 Gross Profit 121,788 % 72.420 Operating expenses 80,784 44,370 Net income $ 41,004 % $28,050