View Policies Current Attempt in Progress Here are the comparative income statements of Sunland Corporation. SUNLAND CORPORATION Comparative Income Statement For the Years Ended December 31 esc 2022 2021 Net sales $613,800 $556,000 Cost of goods sold 457,400 437,400 Gross Profit 156,400 118,600 Operating expenses 73,400 41,900 Net income $83,000 $76,700 (a) Prepare a horizontal analysis of the income statement data for Sunland Corporation, using 2021 as a base are a decrease show the numbers as negative, eg.-55,000, -20% or (55,000), (20%). Round percentages to 1 dec SUNLAND CORPORATION Comparative Income Statement For the Years Ended December 31 Net sales 2022 $613,800 2021 $556.000 Increase or (Decrease) During 2022 Amount 57800 Percentage 104 0 C 2 W 83 LLI S 94 "8.21" 76 5 MacBook Pro E R T D F SO 9 & 49 7 > 88 U H Leducation.wiley.com/was/ui/v2/assessment-player/index.html/ work (FA20) Question 5 of 9 -13 Prepare a horizontal analysis of the income statement data for Sunland Corporation, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, eg.-55,000, -20% or (55,000), (20%), Round percentages to 1 decimal place, e.g. 12.1%) SUNLAND CORPORATION Comparative Income Statement For the Years Ended December 31 v Increase or (Decrease) During 2022 2022 2021 Amount Percentage Net sales $613,800 $556,000 $ 57800 104 36 Cost of goods sold 457,400 437.400 20000 46 % Gross Profit 156,400 118.600 37800 31.9 % Operating expenses 73.400 41.900 31500 75 % Net income $83,000 $76,700 $ 6300 821 % (b) Prepare a vertical analysis of the income statement data for Sunland Corporation for both years. (Round percentages to 1 decimal place. eg. 12.1%) SUNLAND CORPORATION Condensed Income Statements For the Years Ended December 31 MacBook Pro 20 3 > "75.1" 44 95 66 W E R T A S D F C & 57 Y 80 61 O 0 P G H J K L R 1 N M (b) Prepare a vertical analysis of the income statement data for Sunland Corporation for both years. (Round percentages to 1 decimal place, eg. 12.1%) SUNLAND CORPORATION Condensed Income Statements For the Years Ended December 31 2022 2021 Percent $ Percent Net sales $613,800 % $556.000 % Cost of goods sold 457,400 % 437,400 % Gross Profit 156,400 % 118,600 N Operating expenses 73,400 % 41,900 I % Net income $83.000 % $76.700 % Using multiple attempts will impact your score. 10% score reduction after attempt Save for Later 24 W Z 3 S > "75.1" 44 75 MacBook Pro LL E R T X D H command LL F 6 37 Y Attempts: 0 of 3 used, Submit Amer 4 8 9 0 D G H J K C V B C N M 1 P L v HE v command