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Here are the comparative income statements of Carla Vista Corporation. CARLA VISTA CORPORATION Comparative Income Statement For the Years Ended December 31 2022 2021 Net

Here are the comparative income statements of Carla Vista Corporation.

CARLA VISTA CORPORATION Comparative Income Statement For the Years Ended December 31

2022

2021

Net sales

$610,300

$540,600

Cost of goods sold

448,800

426,200

Gross Profit

161,500

114,400

Operating expenses

76,400

48,100

Net income

$ 85,100

$ 66,300

(a) Prepare a horizontal analysis of the income statement data for Carla Vista 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%.)

CARLA VISTA CORPORATION Comparative Income Statement choose the accounting period For the Years Ended December 31For the Month Ended December 31December 31

Increase or (Decrease) During 2022

2022

2021

Amount

Percentage

Net sales

$610,300

$540,600

$enter a dollar amount

enter percentages rounded to 1 decimal place

%

Cost of goods sold

448,800

426,200

enter a dollar amount

enter percentages rounded to 1 decimal place

%

Gross Profit

161,500

114,400

enter a dollar amount

enter percentages rounded to 1 decimal place

%

Operating expenses

76,400

48,100

enter a dollar amount

enter percentages rounded to 1 decimal place

%

Net income

$ 85,100

$ 66,300

$enter a dollar amount

enter percentages rounded to 1 decimal place

%

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