| Here are the comparative income statements of Bramble Corporation. BRAMBLE CORPORATION For the Years Ended December 31 2017 2016 Net sales Cost of goods sold 464,600 415,500 Gross Profit Operating expenses 70,400 49,00 Net income 5619,900 $541,200 155,300 125,700 S 84,900 76,100 Prepare a horizontal analysis of the income statement data for Bramble Corporation, 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%.) BRAMBLE CORPORATION Income Increase or (Decrease) During 2017 2017 2016 Net soles Cost of goods sold 464,600 415,500 Gross Profit Operating expenses 70,400 Net income Prepare a vertical analysis of the income statement data for Bramble Corporation for both years. (Round percentages to 1 decimal place, eg. 12.196) $619,900 $541,200 155,300 125,700 49,600 84,900 76,100 BRAMBLE CORPORATION Income 2017 2016 Percent Percent Net sales Cost of goods sold Gross Profit Operating expenses Net income $619,900 464,600 155,300 70,400 84,900 % $541,200 % 415,500 % 125,700 49,600 % $76,100