CP 135 The following data are taken from the records of Cronkite Corp.:

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CP 13-5 The following data are taken from the records of Cronkite Corp.: 2019 2018 Sales Cost of goods sold Gross profit Other expenses Net income $2,520 $1,440 960 480 430 120$50 1,890 630 510 Required: Perform horizontal analysis on the above date and interpret your results, CHAPTER THIRTEEN Financial Statement Analysis Name CP 13-5 2019 2018 (a)-(b) %change Sales Cost of goods sold Gross profit Other expenses Net income $2,520 1,890 630 510 120 $1,440 960 480 430 $ 50 Analysis