Support Question 2 View Policies Current Attempt in Progress Here are the comparative income statements of Delaney Corporation Delaney Corporation Comparative Income Statements For the Years Ended December 31 2020 2019 Net sales $636,000 $524,000 Cost of goods sold 502,440 435,444 Gross profit 133.560 88,556 Operating expenses 89,040 49.780 Net income $ 44,520 $38.776 Prepare a horizontal analysis of the income statement data for Delaney Corporation using 2019 as a base. (Show the amounts of increase or decrease.) (Enter negative amounts and percentages using either a negative sign preceding the number e.. -45,45% or parentheses e.. (45),(45%). Round percentages to I decimal place, es. 12.3%) DELANEY CORPORATION Condensed Income Statements Increase or (Decrease) During 2020 2020 2019 Amount Percentage Net sales $636,000 $524.000 $ Cost of goods sold 502,440 435.444 Gross profit 133,560 88,556 Operating expenses 89,040 49.780 Net income $44,520 $38,776 $ Prepare a vertical analysis of the income statement data for Delaney Corporation for both years. (Round percentages to 1 decimal place. e.s. 12.3%) DELANEY CORPORATION Condensed Income Statements 2020 2019 Amount Percent Percent Amount Net sales $636,000 $524,000 Cost of goods sold 502,440 % 435,444 Gross profit 133,560 88,556 49.780 Operating expenses Net income $ 44,520 $ 38,776