Here are the comparative Income statements of Delaney Corporation Delaney Corporation Comparative Income Statements For the Years Ended December 31 2019 Net sales Cost of goods $598.000 477,000 $500,000 420,000 80,000 121,000 Gross profit Operating expenses Net Income 80,000 44,000 $ 41,000 $ 36,000 Prepare a horizontal analysis of the income statement data for Delaney Corporation, using 2019 as a base (show the amounts of increase or decrease) g. 45, -45% of parentheses (45), (459). Round percentages te decimal place 12 ) ter DELANEY CORPORATION Condensed Income Statements Increase or (Decrease) During 2020 Amount 2019 Net sales $598,000 $500,000 Cost of goods sold 477,000 Gross prot 121.000 Operating expenses 30,000 Net Income Prepare a vertical analysis of the income tatement data for Delaney Corporation for both year. (Round percentages to I decimal place 12 (b) Prepare a vertical analysis of the income statement data for Delaney Corporation for both years. (Rou DELANEY CORPORATION Condensed Income Statements 2019 2020 Percent Amount Amount Percent Net sales $598,000 % $500,000 Cost of goods sold 477,000 420,000 Gross profit 121,000 80,000 Operating expenses 80,000 44,000 Net income $ 41,000 9 $ 36,000 LINK TO TEXT