Here are the comparative income statements of Cullumber Corporation.

CULLUMBER CORPORATION Comparative Income Statement For the Years Ended December 31
		2022		2021
Net sales		$619,900		$541,200
Cost of goods sold		464,600		415,500
Gross Profit		155,300		125,700
Operating expenses		70,400		49,600
Net income		$ 84,900		$ 76,100

Prepare a horizontal analysis of the income statement data for Cullumber Corporation, using 2021 as a base. (If amo the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) CULLUMBER CORPORATION Comparative Income Statement Increase or (Decrease) During 2022 2022 2021 Amount Percentage $619,900 $541,200 $ Net sales Cost of goods sold 464,600 415,500 Gross Profit 155,300 125,700 Operating expenses 49,600 70,400 $84,900 $76,100 $ Net income Prepare a vertical analysis of the income statement data for Cullumber Corporation for both years. (Round percentag CULLUMBER CORPORATION Condensed Income Statements 2022 2021 Percent Percent $619,900 % $541,200 Net sales Cost of goods sold 464,600 415,500 Gross Profit 155,300 125,700 Operating expenses 70,400 49,600 $ 84,900 $76,100 Net income