1-Complete vertical analysis by using the structure in the upper segment below and horizontal analysis in the lower segment below.

2-Briefly comment on the trend in the revenues and expenses below the horizontal analysis segment.

Comparative Consolidated Income Statement For the Year Ended December 31, 2018 12/31/2018 Amount S 3.276,800 $ 2,088,800 S 1,188,000 12/31/2017 Amount S 3.146.400 S 2,008.400 S 1,138,000 Percent Percent Net Sales Cost of Goods Sold Gross Profit Operating expenses: Selling expenses Administrative expenses Total operating expenses Income from operations Interest expense Income before income taxes Income taxes expense Net income 476,800 447,200 924,000 264,000 65,600 198,400 62,400 136,000 518,000 423,200 941,200 196,800 39,200 157,600 56,800 100,800 Comparative Consolidated Income Statement For the Year Ended December 31, 2018 Increase (Decrease) Amount 12/31/2018 12/31/2017 Amount Amount Percent $ 3,276,800 3,146,400 S2,088,8002,008,400 $1,188,000 1,138,000 Net Sales Cost of Goods Sold Gross Profit Operating expenses Selling expenses Administrative expenses Total operating expenses Income from operations Interest expense Income before income taxes Income taxes expense Net income 476,800$ 447,200$ 924,000 $ 264,000 $ 65,600 198,400 $ 62,400 136,000$ 518,000 423,200 941,200 196,800 39,200 157,600 56,800 100,800