BRIDGEPORT CORPORATION Condensed Income Statements For the Years Ended December 31 2022 2021 Net sales $636.000 $530,000 Cost of goods sold 497,988 458,450 Gross profit 138.012 71,550 Operating expenses 90,312 45,050 Net income $47,700 $26,500 (a) Prepare a horizontal analysis of the income statement data for Bridgeport Corporation, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.)