Exercise 9-6 Here are the comparative income statements of Bramble Corporation. BRAMBLE CORPORATION Comparative Income Statements For the Year Ended December 31 Net sales Cost of goods sold Gross Profit Operating expenses Net income 2017 $69.900 464/600 155.300 70.400 $ 84,900 2016 $541.200 415.500 125.700 49.600 $26.100 Prepare a horizontal analyse of the income statement data for Bramble Corporation using 2016 base (famount and percentage are a decrease show the number as net 35.000 20.0001 (206). Hound percentages to I decimal place, ... 12.10.) BRAMBLE CORPORATION Comparative Income Statements Increase or (Decrease) During 2017 Amount Percentage 2017 2016 Net sale 5619.900 5541.200 415.500 Cost of goods sold 454.000 Gross Profit 155.300 125.700 70,400 49.500 Operating expenses $76.100 Net income 5 44.900 Prepare a vertical analysis of the income statement data for Bramble Corporation for both years. (Round percentages to 1 decimal place, e.g. 12. 196.) BRAMBLE CORPORATION Condensed Income Statements 2017 2016 Percent Percent Net sales 5619.900 % $541,200 96 Cost of goods sold 464,600 96 415,500 96 Gross Profit 155.300 125,700 96 Operating expenses 70,400 96 49,600 Net income $ 84,900 $ 76,100 Click if you would like to Show Work for this questioni Qen She Work