12.1%.) GROUPER CORP. Condensed Income Statements 2020 Percent 2019 Percent Net sales $624,000 % $520,000 Cost of goods sold 488,592 % 427,960 % Gross Profit 135,408 96 92,040 96 Operating expenses 79,248 % 46,280 96 Net income $ 56,160 % $ 45,760 % View Policies Current Attempt in Progress Here are the comparative income statements of Grouper Corp.. GROUPER CORP. Comparative Income Statement For the Years Ended December 31 2020 $624,000 488,592 2019 $520,000 427,960 Net sales Cost of goods sold Gross Profit Operating expenses Net income 135,408 79,248 $56,160 92,040 46,280 $ 45,760 Question 8 of 9 , decrease show the numbers as negative, e.g.-55,000, -20% or (55,000). (20%). Round percentages to 1 decimal place, eg. 12.1% GROUPER CORP. Comparative Income Statement Increase or (Decrease) During 2020 Amount Percentage 2020 2019 Net sales $624,000 $520,000 $ Cost of goods sold 488,592 427,960 96 Gross Profit 135,408 92,040 Operating expenses 79,248 46,280 96 Net income $ 56,160 $ 45,760 %6 $ Question 8 of 9 -11 Prepare a vertical analysis of the income statement data for Grouper Corp. for both years. (Round percentages to 1 decimal place 12.1%.) GROUPER CORP. Condensed Income Statements 2020 Percent 2019 Percent Net sales $624,000 % $520,000 %6 Cost of goods sold 488,592 % 427,960 % Gross Profit 135,408 %6 92,040 Operating expenses 79,248 % 46,280 % Net income $ 56,160 % $ 45,760 %