Start : 02:31 PM / Remaining 73 min Exercise 183 The comparative condensed income statements of Marks Corporation are shown below. URCES MARKS CORPORATION Comparative Condensed Income Statements For the Years Ended December 31 2019 2018 Net sales $620,000 $500,000 Cost of goods sold 450,000 400,000 Gross profit 170,000 100,000 Operating expenses 54,000 40,000 Net Income $116,000 $60,000 y Study (a) Prepare a horizontal analysis of the income statement data for Marks Corporation using 2018 as a base. (Round percentage MARKS CORPORATION Condensed Income Statements For the Years Ended December 31 Increase or (Decrease) During 2018 2019 2018 Amount Percentage Net sales $620,000 $500,000 Cost of goods sold 450,000 400,000 Gross profit 170,000 100.000 Operating expenses 54,000 40,000 Net Income $116,000 $60,000 MacBook G H 02-31 Reming73 min Net Income $116,000 $60,000 Prepare a horizontal analysis of the income statement data for Marks Corporation using 2018 as a base. (Round percentage MARKS CORPORATION Condensed Income Statements For the Years Ended December 31 Increase or (Decrease) During 2018 2019 2018 Amount Percentage Net sales $520,000 $500,000 Cost of goods sold 450,000 400,000 Gross profit 170,000 100,000 Operating expenses 54,000 40,000 Net Income $116,000 $60,000 Click if you would like to Show Work for this question: Open Attempts of 1 used The parts of the question must be completed in order. The part wel bevate when you complete the part above MacBook DF G H J