Here are the comparative income statements of Grouper Corp.. GROUPER CORP. Comparative Income Statement For the Years Ended December 31 2019 2018 $624,000 488,592 Net sales Cost of goods sold Gross Profit Operating expenses Net income 135,408 79,248 $ 56,160 $520,000 427,960 92,040 46,280 $ 45,760 (a) Prepare a horizontal analysis of the income statement data for Grouper Corp., using 2018 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g.-55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) (a) Prepare a horizontal analysis of the income statement data for Grouper Corp., using 2018 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g.-55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12,1%.) GROUPER CORP. Comparative Income Statement Increase or (Decrease) During 2019 Amount Percentage 2019 2018 Net sales $624,000 $520,000 $ % Cost of goods sold 488,592 427,960 % Gross Profit 135,408 92,040 % Operating expenses 79,248 46,280 % Net income $ 56,160 $ 45,760 $ % (b) Prepare a vertical analysis of the income statement data for Grouper Corp. for both years. (Round percentages to 1 decimal place, e.g. 12.1%) GROUPER CORP. Condensed Income Statements 2019 2018 Percent Percent $ Net sales $624,000 % $520,000 % Cost of goods sold 488,592 % 427,960 % Gross Profit 135,408 % 92,040 % Operating expenses 79,248 % 46,280 % Net income $ 56,160 % $45.760 $ 45,760 %