DE18-4 Bernstein Bros. Scuba Shop has recently introduced a new ultra-light wet suit for diving. Demand for the product has been high, and Bernstein is shipping goods to many new diving shops. Bernstein's comparative income statement reports these figures for 20X2 and 20x1: 20X2 20X1 Net sales $204,000 $171,000 Cost of goods sold. 61,000. 50,000 Selling expenses 45.000 36.000 General expenses 18.000 17,000 Net income. $ 80,000 $ 68,000 Perform a vertical analysis of Bernstein's income statements for 20X2 and 20X1. Does the analysis reflect favorably or poorly on the company? Cite specifics in your answer.