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

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Here are the comparative income statements of Carla Vista Corporation. CARLA VISTA CORPORATION Comparative Income Statements For the Years Ended December 31 December 31, 2022 December 31, 2021 Net sales $779,000 $460.000 Cost of goods sold 447,000 304,000 Gross profit 332.000 156,000 Operating expenses 146,000 112.000 Net income $186.000 $44,000 Your answer is incorrect. 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, eg.-55,000, -12.1% or (55,000), (12.1%). Round percentages to 1 decimal place, eg. 12.1%) , STA CORPORATION ve Income Statements ars Ended December 31 Increase or (Decrease) During 2022 December 31, 2022 December 31, 2021 Amount Percentage $779,000 $ $460,000 $ ods sold 447,000 304,000 % it 332.000 156,000 expenses 146,000 112.000 % e $186,000 $44,000 $ e Textbook and Media X Your answer is incorrect. Prepare a vertical analysis of the income statement data for Carla Vista Corporation for both years. (Round percentages to 1 decimal place, e.g. 12.1%.) , CARLA VISTA CORPORATION Comparative Income Statements For the Years Ended December 31 2022 2021 $ Percent $ Percent Net sales $779.000 % % $460,000 % % Cost of goods sold 447.000 % 304,000 % Gross profit 332,000 % 156,000 % Operating expenses 146.000 % 112,000 % Net income $186,000 % $44,000 %

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