Question
Here are the comparative income statements of Bramble Corporation. BRAMBLE CORPORATION Comparative Income Statement For the Years Ended December 31 2022 2021 Net sales
Here are the comparative income statements of Bramble Corporation. BRAMBLE CORPORATION Comparative Income Statement For the Years Ended December 31 2022 2021 Net sales $588,000 $490,000 Cost of goods sold 459,816 412,580 Gross profit 128,184 77,420 Operating expenses 84,084 47,040 Net income $44,100 $ 30,380 (a) Prepare a horizontal analysis of the income statement data for Bramble 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%.)
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