Question: show work and answer please U Question 23 40 pts Artie LLC had the following income statement data for the past 3 years. 2021 2020
U Question 23 40 pts Artie LLC had the following income statement data for the past 3 years. 2021 2020 2019 Net Sales 265,000 Net Sales 190,000 Net Sales 200,0 Cost of Goods Cost of Goods 83,000 Sold Cost of Goods 72,000 60,00 Sold Sold Gross Profit 182,000 Gross Profit 118,000 Gross Profit 140,0 Operating 45,000 Operating Expenses 30,000 Operating 35,00 Expenses Expenses Net Income 137,000 Net Income 88,000 Net Income 105,0 a. Perform horizontal analysis for all three years, using 2019 as the base year. (Round your answers to 2 decimal places.) b. Perform vertical analysis of the income statement data for 2020 and 2021. (Round your answers to 2 decimal places.)
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