From the comparative income statement of Nowak Company in Figure 22.7, do the following:
a. Prepare a horizontal analysis with the amount of increase or decrease during 2021 along with the percent increase or decrease during 2021 (to the nearest tenth of a percent).
b. Vertically analyze the 2021 column of the income statement (to the nearest tenth of a percent).
c. Prepare a common-size comparative income statement (to the nearest tenth of a percent) for 2020 and 2021.

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NOWAK COMPANY COMPARATIVE INCOME STATEMENT FOR YEARS ENDED DECEMBER 31, 2021, AND DECEMBER 31, 2020 Net Sales Cost of Goods Sold Gross Profit from Sales Operating Expenses: Selling General and Administrative Total Operating Expenses Operating Income Less Interest Expense Income Before Taxes Income Taxes Net Income December 31 2021 2020 $ 290|0|0|0|00 $310|0|0|0|00 175|0|0|0|00 16400000 $ 115|0|0|0|00 $ 146 0 0 000 s 2010 0 0 100 $ 48|0|0|0|00 1700000 3300000 $ 3700000 $ 8100000 $ 7800000 $ 6500 000 501010100 7300000 2920000 $ 4380000 680000 58|2|0|0|00 2328000 s 349 2000