4 of 8 < > PINA COLADA CORPORATION Comparative Income Statements For the Years Ended December 31 December 31, 2022 December 31, 2021 Net sales $766,000 $470,000 Cost of goods sold 493,000 303,000 Gross profit 273,000 167,000 Operating expenses 144,000 122,000 Net income $129,000 $45,000 Homework Question 4 of 8 < > -/20 E Prepare a horizontal analysis of the income statement data for Pina Colada Corporation using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, eg. -55,000, -12.1% or (55,000), (12.1%). Round percentages to 1 decimal place, eg. 12.1%) PINA COLADA CORPORATION Comparative Income Statements For the Years Ended December 31 here to search Increase or (Decrease) During 2022 December 31, 2022 December 31, 2021 Amount Percentage Net sales $766,000 $470,000 $ Cost of goods sold 493,000 303,000 Gross profit 273,000 167,000 Operating expenses 144,000 122,000 Net income $129,000 $45,000 $ DELL 154