Here are the comparative income statements of Bridgeport Corp.. BRIDGEPORT CORP Comparative Income Statement For the Years Ended December 31 2017 2016 Net sales Cost of goods sold 447,500 409,400 Gross Proft Operating expenses 78,000 49,600 Net income $612,400 $531,500 164,900122,100 86,900 72,500 Prepare a horizontal analysis of the income statement data for Bridgeport Corp, using 2016 as a base. (If amount and percentage are a decrease show the numbers as negative, eg.-55.000,-20% or (55,000), (20%). Round percentages to 1 decimal place, es, 12.1%) BRIDGEPORT CORP Comparative Income Statement Increase or (Decrease) During 2017 2017 2016 Amount Percentage Net sales $612,400 $531,500$ Cost of goods sold 447,500 409,400