Here are the comparative income statements of Winfrey Corporation.

(a) Prepare a horizontal analysis of the income statement data for Winfrey Corporation using 2009 as a base. (Show the amounts of increase or decrease.)(b) Prepare a vertical analysis of the income statement data for Winfrey Corporation for both years

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WINFREY CORPORATION Comparative Income Statements For the Years Ended December 31 Particulars 2010 2009 598,000 S 520,000 477,000 S 450,000 121,000 S 70.000 80,000 S 45,000 41,000 S Net sales Cost of goods sold Gross profit Operating expenses Net income 25,000