View Policies Show Attempt History Current Attempt in Progress Here are the comparative income statements of Pina Colada Corporation. PINA COLADA CORPORATION Comparative Income Statements For the Years Ended December 31 December 31, 2022 December 31, 2021 Net sales $766,000 $470,000 Cost of goods sold 493,000 303,000 Gross profit 273,000 167,000 Operating expenses 144,000 122,000 Net income $129,000 $45,000 mework Question 4 of 8 < > 10/20 E Prepare a vertical analysis of the income statement data for Pina Colada Corporation for both years. (Round percentages to 1 decimal place, eg. 12.1%) PINA COLADA CORPORATION Comparative Income Statements For the Years Ended December 31 2022 $ Percent Net sales $766,000 2021 $ Percent % $470,000 % Cost of goods sold 493,000 % 303,000 % Gross profit 273,000 % 167,000 % Operating expenses 144,000 % 122,000 96 Net income $129,000 % $45,000 %