Show Attempt History Current Attempt in Progress - Your answer is partially correct. Here are the comparative income statements of Delaney Corporation. Delaney Corporation Comparative Income Statements For the Years Ended December 31 2020 2019 Net sales $684,000 $566,000 Cost of goods sold 535,572 466,384 Gross profit 148,428 99,616 Operating expenses 94,392 53,204 Net income $ 54,036 $ 46,412 (a) Prepare a horizontal analysis of the income statement data for Delaney Corporation, using 2019 as a base. (Show the a decrease.) (Enter negative amounts and percentages using either a negative sign preceding the number e.g.-45, -45% or paren Net income $ 54,036 $46,412 (a) Prepare a horizontal analysis of the income statement data for Delaney Corporation, using 2019 as a base. (Show the amounts of increa decrease.) (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45,-45% or parentheses e.g. (45).(4 Round percentages to 1 decimal place, e.g. 12.3%) DELANEY CORPORATION Condensed Income Statements For the Years Ended December 31 Increase or (Decrease) During 2020 2020 2019 Amount Percentage Net sales $684,000 $566,000 118000 20.8 % Cost of goods sold 535,572 466,384 69188 14.8 i % Gross profit 148,428 99,616 48812 49 % Operating expenses 94,392 53,204 41125 77.3 i % Net income $54,036 $46,412 $ 7624 16.4 % (b) Prepare a vertical analysis of the income statement data for Delaney Corporation for both years. (Round percentages to 1 decimal