Here are the comparative income statements of Marigold Corp.. Income Statement For the Years Ended 31 2017 2016 Nat sae Cost of goods sold Gross Profit Oparating expse Net income $613,800 457,400 136,400 73,400 83,000 $556,000 437,400 118,600 41,900 76,700 Prepare a horizontal analysis of the income statement data or Marigold Corp decimal place, eg. 12.1%.) using 2016 as a base 1 amount and percentage are a decrease show the numbers as negative e g. 55 000-20% or 55 000 209 Round percentages to 1 MARIGOLD CORP Increase or (Decrease 2017 2017 2016 Amount Net sales Cost of goods sold Gross Proft Oparating expe Net incorme $613,800 $556.000 457,400 437,400 156,400 118,600 6 73,400 41,900 6 83,000 76,700 VIDEOI APPLTED SKTLLS VIDEO STMTLAR EXERCISE Prepare a vertical analysis of the income statement data for Marigold Corp. for both years. (Round percentages to 1 decimal place, eg. 12.1%.) MARIGOLD CORP 2017 2016