epare a horizontal analysis of the income statement data for Marks Corporation using 2012 as a base. (Show the amounts of increase or decrease.,) Prepare a vertical analysis of the income statement Instructions (a) Pr data for Marks Corporation in columnar form (b) for both years. Ex. 200 Operating data for Martin Corporation are presented below Net sales Cost of goods sold Operating expenses Net income 2012 $600,000 320,000 130,000 150,000 Instructions Prepare a schedule showing a vertical analysis for 2012. Ex. 201 The following information was taken from the financial statements of Lawson Company: 20132012 Gross profit on sales. Income before income taxes... Net incom Net income as a percentage of net sales $900,000 280,000 240,000 8% $840,000 230,000 216,000 9% Instructions (a) Compute the net sales for each year. (b) Compute the cost of goods sold in dollars and as a percentage of net sales for each year. c) Compute operating expenses in dollars and as a percentage of net sales for each year. (Income taxes are not operating expenses)