Comparative Income Statement - X Johnson Corporation makes cell phone covers and has the following comparative income statement for the years ended December 31, 2025 and 2024: (Cick the icon to view the comparative income statement.) Read the requirement Johnson Corporation Income Statement Begin by completing a horizontal analysis of Johnson Corporation's income statement. (Use a minus sign or parentheses to show an amount and/or percentage decrease. Round all percentages to the nearest tenth percent, in the percentage column.) Years Ended December 31, 2025 and 2024 2025 2024 Johnson Corporation Income Statement Years Ended December 31, 2025 and 2024 Revenues Net Sales Revenue $ 500,000 $ 0 300,000 300 Increase (Decrease) Amount Percentage Other Revenues 2025 2024 Total Revenues 500.000 300,300 Revenues Requirement Net Sales Revenue $ 500,000 $ 300.000 300 355,500 202,200 0 Other Revenues 93,500 57,900 500,000 300,300 Total Revenues Expenses Perform a horizontal analysis and a vertical analysis of Johnson Corporation. State whether 2025 was a good year or a bad year, and give your reasons. Expenses Cost of Goods Sold Engineering, Selling, and Administrative Expenses Interest Expense Income Tax Expense Other Expenses 11,000 4,800 4,500 14,500 4,000 0 Print Done 355,500 93,500 11,000 202,200 57,900 4,800 Total Expenses 478,500 269,400 % Cost of Goods Sold Engineering, Selling, and Administrative Expenses Interest Expense Income Tax Expense Other Expenses Total Expenses $ 21,500 $ 30,900 % Net Income 14,500 4.000 4,500 0 % 478,500 269,400 % Print Done 21,500 $ 30,900 Net Income Was 2025 a good year or a bad year? Give your reasons. According to the horizontal analysis, even though Johnson's net sales revenue the company's expenses netting in net income from one year to the next. That indicates that 2025 was a year in comparison to 2024 Complete a vertical analysis of Johnson Corporation's comparative income statement. (Round all percentages to the nearest tenth percent, X.X. For example, enter 10.2% as 10.2. Complete all input boxes. Enter a "0" for any zero percentages.) Johnson Corporation Johnson Corporation makes cell phone covers and has the following comparative income statement for the years ended December 31, 2025 and 2024: (Cick the icon to view the comparative income statement.) Comparative Income Statement Read the requirement Net Income Was 2025 a good year or a bad year? Give your reasons. According to the horizontal analysis, even though Johnson's net sales revenue the company's expenses netting in net income from one year to the Johnson Corporation Income Statement Years Ended December 31, 2025 and 2024 Complete a vertical analysis of Johnson Corporation's comparative income statement. (Round all percentages to the nearest tenth percent, X.X. For example, enter 10.2% as 10.2. Complete all input boxes. Enter a "0" for any z Johnson Corporation 2025 2024 Income Statement Revenues Net Sales Revenue $ 500,000 $ Years Ended December 31, 2025 and 2024 2025 2025 Percent 300.000 300 2024 2024 Percent Other Revenues Revenues: Total Revenues 500,000 300,300 Net Sales Revenue $ % $ % 500,000 0 300,000 300 % % 355,500 202,200 500,000 % 300,300 % 93,500 57,900 . X Requirement Expenses: Cost of Goods Sold Engineering, Selling, and Administrative Expenses Interest Expense Income Tax Expense Other Expenses 11,000 4.800 % % 4,500 Other Revenues Total Revenues Expenses Cost of Goods Sold Engineering, Selling, and Administrative Expenses Interest Expense Income Tax Expense Other Expenses Total Expenses 355,500 93,500 202,200 57,900 4,800 14,500 4,000 % % 0 Perform a horizontal analysis and a vertical analysis of Johnson Corporation. State whether 2025 was a good year or a bad year, and give your reasons. 11,000 % % Total Expenses 478,500 269,400 % 4,500 % 14,500 4.000 $ 21,500 $ 30,900 0 Net Income % Done % Print 478,500 % 269.400 % Print Done $ 21,500 $ 30,900 Net Income % % Was 2025 a good year or a bad year? Give your reasons. These two items are Johnson's V. so their percentage changes are important. This indicates A few notable items from the vertical analysis include the that cost controls The 2025 net income percentage and the from the prior year. These factors combined, indicate that 2025 was a year for Johnson Enter any number in the edit fields and then continue to the next