Here are the comparative income statements of Flint Corporation. FLINT CORPORATION Comparative Income Statement For the Years Ended December 31 2019 2018 Net sales $612,000 $510,000 Cost of goods sold 508,572 440,640 Gross Profit 103,428 69,360 Operating expenses 76,500 46,410 Net income $ 26,928 $ 22,950 Prepare a horizontal analysis of the income statement data for Flint Corporation, using 2018 as a base. (If amount and percentag decrease show the numbers as negative, eg.-55,000, -20% or (55,000), (20%) Round percentages to 1 decimal place, eg. 12.1%.) FLINT CORPORATION Comparative Income Statement Increase or (Decrease) During 2019 2019 2018 Amount Percentage Net sales $612,000 $510,000 96 Cost of goods sold 508,572 440,640 96 Gross Profit 103,428 69,360 Operating expenses 76.500 46,410 R Net income $26,928 $ 22,950 $ 96 (9) Prepare a vertical analysis of the income statement data for Flint Corporation for both years. (Round percentages to 1 decimal place, 12.1%) Net sales $612,000 FLINT CORPORATION Condensed Income Statements 2019 Percent %6 $510,000 2018 Percent 96 Cost of goods sold 508,572 440,640 Gross Profit 103,428 96 69,360 Operating expenses 76,500 96 46,410 Net income $26.9 96 $22,950 96