Show Attempt History Current Attempt in Progress Here are the comparative condensed income statements of Bramble Corporation. BRAMBLE CORPORATION Condensed Income Statements For the Years Ended December 31 2022 2021 Net sales $619,900 $541,200 Cost of goods sold 440,129 416,724 Gross Profit 179,771 124,476 Operating expenses 68,189 48,708 Net income $ 111,582 $ 75,768 (a) Your Answer Correct Answer Your answer is correct. estion 2 of 9 0.57 Your Answer Correct Answer Your answer is correct. Prepare a horizontal analysis of the income statement data for Bramble Corporation, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimalp eg. 12.1%.) BRAMBLE CORPORATION Condensed Income Statements For the Years Ended December 31 Increase or (Decrease) During 2022 2022 2021 Amount Percentage Net sales $619,900 $541,200 $ 78700 14.54 %6 Cost of goods sold 440.129 416,724 23405 5.62 96 Gross Profit 179.771 124.476 55295 44.42 96 Operating expenses 68,189 48,708 19481 39.99 % 26 Net income $111.582 $ 75,768 $ 35814 47.27 %6 Attempts: 1 of 1 0.5 / !! estion 2 of 9 b) Prepare a vertical analysis of the income statement data for Bramble Corporation for both years. (Round percentages to 1 decimal place, e.g. 12.1%.) BRAMBLE CORPORATION Condensed Income Statements 2021 2022 Percent Percent Net sales % $619,900 $541.200 % 96 % 416,724 de 440,129 Cost of goods sold % 179.771 % % 124,476 Gross Profit % 68.189 % % 48,708 Operating expenses 96 $ 111,582 $ 75,768 % Net income Attempts: 0 of 1 used Submit Answer Save for Later o DI