Here are the comparative income statements of Ayayai Corp..

AYAYAI CORP. Comparative Income Statement For the Years Ended December 31
		2017		2016
Net sales		$600,000		$500,000
Cost of goods sold		445,000		400,000
Gross Profit		155,000		100,000
Operating expenses		70,000		40,000
Net income		$ 85,000		$ 60,000

(a)

Prepare a horizontal analysis of the income statement data for Ayayai Corp., using 2016 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.)

AYAYAI CORP. Comparative Income Statement For the Years Ended December 31December 31For the Month Ended December 31
					Increase or (Decrease) During 2017
	2017		2016		Amount		Percentage
Net sales	$600,000		$500,000		$			%
Cost of goods sold	445,000		400,000					%
Gross Profit	155,000		100,000					%
Operating expenses	70,000		40,000					%
Net income	$ 85,000		$ 60,000		$			%