Using the horizontal and vertical analysis, please comment on the results in detail. Please present your answers in bullet points format.

Income Statement Vertical Analysis 2019 2020 2019 2020 13,428,862 4,684,410 1,674,200 1,641,815 21,429,287 12,264,620 3,979,750 1,397,640 1,542,243 19,184,253 Horizontal Analysis Change Change $ 1,164,242 -8.67 704,660 -15.05 276,560 -16.52 99,572 -6.07 2,245,034 -10.48 62.67 21.86 7.82 7.67 100 63.94 20.75 7.29 8.04 100 34 24 38 28.01 1,592,699 401,808 1,994,507 19,434,780 1,512,115 391,410 1,903,525 17,280,728 80,584 10,398 90,982 2,154,052 -5.06 -2.59 -4.57 -11.09 9.31 90.7 9.93 90.08 964,500 2,261,878 603,815 120,000 3,950,193 890,292 2,222,766 580,250 116,000 3,809,308 74,208 39,112 23,565 4,000 140,885 -7.7 -1.73 -3.91 -3.34 -3.57 4.51 10.56 2.82 0.56 18.44 Revenues Rooms Food Beverage Other Total Revenue Cost of sales Food Beverage Total Cost of Sales Gross Profit Undistributed Operating Expenses Marketing and sales Adminstrative and General Property Operations and Maintenance Engergy costs Total Undistributed Operating expenses Operating expenses Payroll Employee benefits Supplies expense Credit card fees Other operating expenses Total operating expenses Gross operating profit Fixed Charges Property taxes insurance Depreciation expense Interest expense Total Fixed Charges Income before tax Income tax Net profit 4.65 11.59 3.03 0.61 19.86 39.01 7,850,250 706,522 298,929 251,208 4,426,938 13,533,847 1,950,740 7,481,859 673,367 232,332 241,722 3,689,787 12,319,067 1,152,353 368,391 33,155 66,597 9,486 737,151 1,214,780 798,387 -4.7 -4.7 -22.28 -3.78 -16.66 -8.98 -40.93 36.64 3.3 1.4 1.18 20.66 63.16 9.11 3.51 1.22 1.27 19.24 64.22 6.01 2,000 3.58 0 56,000 80,000 160,000 148,000 444,000 1,506,740 516,601 990,139 58,000 80,000 160,000 140,000 438,000 714,353 184,818 529,535 8,000 6,000 792,387 331,783 460,604 0 -5.41 -1.36 -52.59 -64.23 -46.52 0.27 0.38 0.75 0.7 2.08 7.04 2.42 4.63 0.31 0.42 0.84 0.73 2.29 3.73 0.97 2.77