Exercise 13-6 (Part Level Submission) Here are the comparative income statements of Grouper Corp.. GROUPER CORP. Comparative Income Statement For the Years Ended December 31 2017 2016 Net sales $634,000 $568,100 Cost of goods sod 459,200 430,800 Gross Proft 174,800 137,300 Operating expenses 77,300 40,900 Net income $97,500 $96,400 (a) Prepare a heriaontal analysis of the income statement data for Grouper Corp, using 2016 as a base. (If ameunt and percentage are a decrease show the numbers as negative, eg.-55,000, -20% or (55,000), (20%). Round percentages to i decimal place, e.g. 12.146.) GROUPER CORP. Comparative Income Statement Increase or (Decrease) During 2017 2017 2016 Amount Percentage Net sales $634,000 $568,100 Cost of goods sold 459,200 430,800 Groes Proft 174,800 137,300 Operating expenses 77,300 40,900 Net income $ 97,500 $96,400 Click if you would like to Show Work for this question: Open Show Work