Comparative Income Statements: 2018 and 2019 Financial Statement Analysis Horizontal Analysis Percentage Dollar Change Change Vertical Analysis: 2019 2019 2018 Sales Cost of Sales Gross profit 755,800 529,000 226,800 734,750 521,670 213.00 149.500 4.520 21.420 Operating Expenses Selling general, admin expenses Credit card expenses Depreciation expense Total operating expenses Operating income (EBIT) Interest expense Income before Income Taxes (EBT) Income tax expense Net income 175.690 37,390 6,735 25,335 6.592 24,797