122 X fx A 6 Revenue 7 Cost of Goods Sold 8 Gross Profit 9 10 Selling, gen & admin 11 Research & developmennt 12 Operating Profit 13 14 Income tax 15 Net Income B $ C 237 138 99 42 38 19 7 12 D 16 17 Tasks: 18 1. Create a vertical income statement and do analysis 19 20 2. Create a horizontal income statement and do analysis. $ E 155 84 71 31 33 7 2 25 F $ G 134 72 62 39 54 -31 -11 -20 H

1. Create a vertical income statement and do analysis 2. Create a horizontal income statement and do analysis