Exercise 13-6 (Part Level Submission) Here are the comparative income statements of Dramble Corp.. BRAMBLF For the Yesars Ended December 31 2017 2016 Nat salas Cost of g0ods sold Gross Profit Oparatng expanses Net incomme $619,900 464,6DD 155,30D 70,400 84.900 $541,200 415,500 125,700 49,600 76,100 our answe is correct Prepare a horizontal analysis of the income statement data for Bramble Corp., using 2016 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g.-55,00o, -20% or (55,000) (20). Round percentages to 1 decimal place, e.g. 12.1%.) BRAMBLE CORP For the Years Ended December 31 Increase or (Decrease) Durin 201 7 201/ Net sales 619,90D $541,200 78700 14.51 % Cost of goods sold 464,600 415,500 155,300 125,700 70.400 49,600 11.81 % Gross Proft 29600 Operating expns 7 4: 91 % 94,900 76,100 11 1% Click If you would like to Show Work for this question: Open 5how Work Prepare a vertical analysis of the income statement data or Bramble Corp or both years. (Ro d percentages 1 dec a place, eg 12 BRAMBLE CORP Condensed Income Statements 2017 2016 $619,900 Cost of goods sold 464,600 155,300 Operating expenses 70,400 $84,900 Net sales % $541,200 % 415,500 % 125,700 % 49,600 % $76,100 Gross Profit Net income Click if you would like to Show Work for this question: Open Show Work