(b) Prepare a vertical of the income statement data for Delaney Corporation for both years. (Round percentages to 1 decimal place, e.g. 12.3%.) DELANEY CORPORATION Condensed Income Statements For the Years Ended December 31 2020 2019 Amount Amount Percent Net sales $684,000 0 SI % $566,000 Cost of goods sold 535,572 466,384 Gross profit 148,428 JUJUJUJU 99,616 53,204 Operating expenses Net income $ 54,036 I I III $ 46,412 eTextbook and Media Attempts: 1 of 3 used Submit Answe Save for Later Last saved 20 hours ago Saved work will be auto-submitted on the due date. Here are the comparative income statements of Delaney Corporation Delaney Corporation Comparative Income Statements For the Years Ended December 31 2020 2019 Net sales $684,000 $566,000 Cost of goods sold 535,572 466,384 Gross profit Operating expenses 148,428 94,392 $ 54,036 99,616 53,204 $46,412 Net income Prepare a horizontal analysis of the income statement data for Delaney Corporation, using 2019 as a base. (Show the amounts of increase or decrease.) (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45).(45%). Round percentages to 1 decimal place, e.g. 12.3%.)