Exercises Exercise A Income statement data for Boston Company for 2009 and 2010 follow: 2009 2010 Net sales $2,610,000 $1,936,000 Cost of goods sold 1,829,600 1,256,400 Selling expenses 396,800 350,000 Administrative expenses 234,800 198,400 Federal income taxes 57,600 54,000 Prepare a horizontal and vertical analysis of the income data in a form similar to Exhibit 2. Comment on the results of this analysis