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Here are the comparative condensed income statements of Pronghorn Corp. PRONGHORN CORP Condensed Income Statements For the Years Ended December 31 2022 2021 Net sales
Here are the comparative condensed income statements of Pronghorn Corp. PRONGHORN CORP Condensed Income Statements For the Years Ended December 31 2022 2021 Net sales $570,000 S640,900 429,403 407,550 Cost of goods sold Gross Profit Operating expenses 211,497 162.450 39.900 74,908 $ 134.589 Net income $ 122,550 Prepare a horizontal analysis of the income statement data for Pronshorn Corp, using 2021 2a base. (If amount and percentage are a decrease show the numbers as negative eg.-55.000.-20% or (55.000),(20) Round percentages to 1 decimal place eg 12.1%) PRONGHORN CORP Condensed Income Statements Increase or (Decrease) During 2022 Amount Percentage 2022 2021 Netsales $640,900 $570,000 38 Cost of goods sale 429,402 407,550 36 Gross Profit 211497 162,450 56 Operating expenses 76,900 39,900 56 Nes income $134589 $ 122,550 $
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