41. 12 x fx Font 2 15 mage a Calte Alignment Number B C D E F Calculate the vertical and horizontal analysis for Dan's Dependable Delivery for the current year: Dan's Dependable Delivery Comparative Income Statement Vertical Horizontal For the Years Ended December 31 2020 2019 Analysis Analysis Sales 500,000 350,000 100.00% 42.86% Cost of Goods Sold 254,000 162,000 50.80% 56.79% Gross Profit 246,000 188,000 49.20% 30.85% Selling Expenses 100,000 77,000 20.00% 29.87% Administrative Expenses 55,000 41,000 11.00% 34.15% Total Expenses 155,000 118,000 31.00% 31.36% Income before Taxes 91,000 70,000 18.20% 30.00% Income Tax Expense 18,200 14,700 3.64% 23.81% Net Income 72,800 55,300 14.56% 31.65% Dan's Dependable Delivery Comparative Balance Sheet Vertical Horizontal For the Years Ended December 31 2020 2019 Analysis Analysis Assets: Current Assets 50,000 38,000 33.07% 31.58% Long-term Investments 1,200 1,000 0.79% 20.00% Property, Plant & Equipment 100,000 90,000 66.14% 11.11% 151,200 129,000 100.00% 17.21% Total Assets Liabilities and Equity: Current Liabilities 24,000 18,500 15.87% 29.73% Common Stock 75,000 75,000 49.60% 0.00% Other Paid-In-Capital Retained Earnings Total Liabilities and Retained Earnings 10,000 10,000 6.61% 0.00% 42,200 25,500 27.91% 65.49% 151,200 129,000 100.00% 17.21% late the following key ratios for Dan's Dependable Delivery for 2020: C