CRANE CORPORATION Comparative Income Statement For the Years Ended December 31 2022 2021 sales $557.200 400,400 et of goods sold ss Profit erating expenses income $644,500 457,600 186.900 77.100 $ 109.800 156,800 48,100 $ 108,700 pare a horizontal analysis of the income statement data for Crane Corporation, using 2021 as or the Years Ended December 31 2022 2021 es f goods sold Profit ating expenses come $644.500 457.600 186.900 77.100 $ 109.800 $557.200 400.400 156.800 48.100 $ 108.700 are a horizontal analysis of the income statement data for Crane Corporation, using 2021 as a base. (If a decrease show the numbers as negative, e.g. -55,000,-20% or (55,000), (20%). Round percentages to 1 decima CRANE CORPORATION Comparative Income Statement DJUTILJulive, ed. "Juv00, -20% UI (55,000), 120%). Round percentages to 1 decimal place CRANE CORPORATION Comparative Income Statement Increase or (Decrease) During 2022 Amount Percentage 2022 2021 Jet sales $644,500 $557,200 % ost of goods sold 457.600 400,400 % Gross Profit 186.900 156,800 Operating expenses 77.100 48.100 Net income 96 $ 108.700 $ 109.800 + Project. Three: Horizontal and Vertical Analysis Question 2 of 3 -/15 Prepare a horizontal analysis of the income statement data for Crane Corporation, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, eg.-55,000, -20% or (55,000). (20%). Round percentages to 1 decimal place, e.g. 12.1%.) CRANE CORPORATION Comparative Income Statement Increase or (Decrease) During 2022 Amount Percentage 2022 2021 % $644.500 $ Net sales $557,200 96 Cost of goods sold 457.600 400.400 % Gross Profit 186.900 156.800 % 77.100 48.100 Operating expenses 90 $ 108.700 S $ 109.800 Net income PM 2021 Prepare a vertical analysis of the income statement data for Crane Corporation for both years. (Round percentages to 1 decimal place eg. 12.1%.) CRANE CORPORATION Condensed Income Statements 2022 2021 Percent $ Percent Net sales $644.500 98 $5571200 % Cost of goods sold 457,600 28 400.400 % Gross Profit 186,900 pa 156,800 % Operating expenses 77 100 28 49.100 % Net Income $ 109.800 a S 1081700 % el textbookland Media CRANE CORPORATION Condensed Income Statements 2022 Percent 2021 $ $ Percent Net sales $644.500 % $557.200 % Cost of goods sold 457,600 % 400,400 % Gross Profit 186.900 156.800 % Operating expenses 77.100 % 48.100 % Net income $ 109.800 $ 108.700 % e Textbook and Media Save for Later Attempts: 0 of 3 used Submit