Here are the comparative condensed income statements of Sunland Corporation. Sunland Corporation Condensed Income Statements For the Years Ended December 31 2022 2021 Net sales $749,000 $625,000 Cost of goods sold 584,220 508,125 Gross profit 164,780 116,875 Operating expenses 103,362 58.125 Net income $61,418 $58,750 (a) Prepare a horizontal analysis of the income statement data for Sunland Corporation, using 2021 as a base. (Show the amounts of increase or decrease.) (Enter negative amounts and percentages using either a negative sign preceding the number eg. -45,-45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, eg. 12.3%) SUNLAND CORPORATION Condensed Income Statements For the Years Ended December 31 Increase or (Decrease) Net sales 2022 2021 $749,000 $625,000 $ During 2022 Percentage 19.84 % Amount 124000 Cost of goods sold 584,220 508,125 76095 Gross profit 164,780 116,875 47905 Operating expenses 103,362 58,125 45237 Net income $61,418 $58,750 2668 14.98 % 40.99 % 77.83 % 45 %