Here are the comparative income statements of Marigold Corp.. Income Statement For the Years Ended December 31 2017 2016 Net sales Cost of goods sold Gross Profit Operating expenses Net income $613,800 457,400 156,400 73.400 S 83,000 $556,000 437,400 118,600 41,900 s 76,700 Your answer is partially correct. Try again. Prepare a horizontal analysis of the income statement data for Mangold Corp., using 2016 as a base. percentages to 1 decimal place, eg, 12.1%.) If amount and percentage are a decrease show the numbers as negative, e g 55 000 20 or 55 000 20% Round MARIGOLD CORP. For the Years Ended December 31 T Increase or (Decrease 2017 2017 20 2016 Amount Net sales 5613,800 556,000 5780 Cost of goodsod 457,4 437,400 Gross Profit Operating expenses 73,40041 Net income 156,400 118.600 3780 ,900 3150 75.18 % $83.000 76.700