Exercise 13-6 Here are the comparative income statements of Whispering Winds Corp. WHISPERING WINDS CORP Comparative Income Statement For the Years Ended December 31 2017 2016 Net sales Cost of goods sold Gross Profit Operating expenses Net income $609,000 463,000 146,000 77,800 68,200 $500,400 428,500 71,900 40,300 31,600 Prepare a horizontal analysis of the income statement data for Whispering Winds Corp., using 2016 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000,-20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) WHISPERING WINDS CORP Comparative Income Statement Increase or (Decrease) During 2017 2017 2016 Amount Percentage $609,000 Net sales Cost of goods sold Gross Profit Operating expenses $500,400 463,000 428,500 71,900 77,80040,300 146,000 Net income s 68,200 $31,600,s