Here are the comparative income statements of Blue Spruce Corporation. BLUE SPRUCE CORPORATION Comparative Income Statements For the Years Ended December 31 December 31, 2022 December 31, 2021 Net sales $619,000 $480,000 Cost of goods sold 402,000 342,000 Gross profit 217,000 138,000 Operating expenses 144,000 104,000 Net income $73,000 $34,000 (a) Prepare a horizontal analysis of the income statement data for Blue Spruce Corporation using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -12.1% or (55,000), (12.1%). Round percentages to 1 decimal place, e.g. 12.1%.) BLUE SPRUCE CORPORATION Comparative Income Statements For the Years Ended December 31 Increase or (Decrease) During 2022 December 31, 2022 December 31, 2021 Amount Per Net sales $619,000 $480,000 $ [ Cost of goods sold 402,000 342,000 Gross profit 217,000 138,000 Operating expenses 144,000 104,000 Net income $73,000 $34,000 $ Save for Later Attempts: 0 of 1 used Submit