Here are the comparative income statements of Delaney Corporation. Delaney Corporation Comparative Income Statements For the Years Ended December 31 2020 $722,000 565,326 156,674 99,636 $ 57,038 2019 $602,000 491,232 110,768 55,986 $ 54,782 Net sales Cost of goods Gross profit Operating expenses Net income Prepare a horizontal analysis of the income statement data for Delaney Corporation, using 2019 as a base. (Show the amounts of increase or decrease.) (Enter ne the number e.g.-45,-4590 or parentheses e.g. (45), (4590). Round percentages to 1 decimal place, e.g. 12.390.) DELANEY CORPORATION Condensed Income Statements Increase or (Decrease) During 2020 2020 2019 Amount Percentage $722,000 $602,000 Cost of goods sold 565,326 491,232 156,674 110,768 55,986 $57,038 $54,782 Net sales Gross profit Operating expenses 99,636 Net income Prepare a vertical analysis of the income statement data for Delaney Corporation for both years. (Roundpercentages to decima, place 12.3% e DELANEY CORPORATION Condensed Income Statements 2020 2019 Percent Amount $722,000 Cost of goods sold 565,326 156,674 Operating expenses 99,636 57,038 Percent Amount % $602,000 % 491,232 110,768 55,986 54,782 Net sales Gross profit Net income