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Here are the comparative income statements of Carla Vista Corporation. CARLA VISTA CORPORATION Comparative Income Statement For the Years Ended December 31 2022 2021 Net sales $637,500 $555,200 Cost of goods sold 454,100 418,600 Gross Profit 183,400 136,600 Operating expenses 74,500 48,700 Net income $ 108,900 $ 87,900 (a) Prepare a horizontal analysis of the income statement data for Carla Vista Corporation, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) CARLA VISTA CORPORATION Comparative Income Statement choose the accounting period Increase or (Decrease) During 2022 2022 2021 Amount Percentage Net sales $637,500 $555,200 $enter a dollar amount enter percentages rounded to 1 decimal place % Cost of goods sold 454,100 418,600 enter a dollar amount enter percentages rounded to 1 decimal place % Gross Profit 183,400 136,600 enter a dollar amount enter percentages rounded to 1 decimal place % Operating expenses 74,500 48,700 enter a dollar amount enter percentages rounded to 1 decimal place % Net income $ 108,900 $ 87,900 $enter a dollar amount enter percentages rounded to 1 decimal place % (b) Prepare a vertical analysis of the income statement data for Carla Vista Corporation for both years. (Round percentages to 1 decimal place, e.g. 12.1%.) CARLA VISTA CORPORATION Condensed Income Statements choose the accounting period 2022 2021 $ Percent $ Percent Net sales $637,500 enter percentages rounded to 1 decimal place % $555,200 enter percentages rounded to 1 decimal place % Cost of goods sold 454,100 enter percentages rounded to 1 decimal place % 418,600 enter percentages rounded to 1 decimal place % Gross Profit 183,400 enter percentages rounded to 1 decimal place % 136,600 enter percentages rounded to 1 decimal place % Operating expenses 74,500 enter percentages rounded to 1 decimal place % 48,700 enter percentages rounded to 1 decimal place % Net income $ 108,900 enter percentages rounded to 1 decimal place % $ 87,900 enter percentages rounded to 1 decimal place %

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