Here are the comparative income statements of Blossom Corporation. BLOSSOM CORPORATION Comparative Income Statement For the Years Ended December 31 2022 2021 Net sales $632,600 $521,900 Cost of goods sold 463,600 410,400 Gross Profit 169,000 111,500 Operating expenses 79,300 47,200 Net income $89,700 $64,300 (a) Prepare a horizontal analysis of the income statement data for Blossom Corporation, using 2021 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%.) BLOSSOM CORPORATION Comparative Income Statement 2022 2021 Increase or (Decrease) During 2022 Amount Percentage % Net sales $632,600 $521,900 $ Cost of goods sold 463,600 410,400 % Gross Profit 169.000 111,500 % Operating expenses 79,300 47,200 % Net income $89,700 $ 64,300 $ % (b) Prepare a vertical analysis of the income statement data for Blossom Corporation for both years. (Round percentages to 1 decimal place, e.g. 12.1%.) BLOSSOM CORPORATION Condensed Income Statements 2022 Percent % $521,900 2021 Percent Net sales $632,600 % Cost of goods sold 463,600 % 410,400 % Gross Profit 169,000 % 111,500 % Operating expenses 79,300 % 47,200 % Net income $89,700 % $ 64,300 %