Here are the comparative income statements of Martinez Corp.. MARTINEZ CORP. Comparative Income Statement For the Years Ended December 31 2020 2019 Net sales $564,000 $470,000 Cost of goods sold 447,252 396,680 Gross Profit 116,748 73,320 Operating expenses 80,652 41.360 Net income $36,096 $ 31,960 (a) Prepare a horizontal analysis of the income statement data for Martinez Corp, using 2019 as a base. (if amount and percentage area decrease show the numbers as negative, eg.-55,000, -20% or (55,000). (20%). Round percentages to 1 decimal place, es. 12.1%) MARTINEZ CORP. Comparative Income Statement Increase or (Decrease) During 2020 Amount Percentage 2020 2019 Net sales $564,000 $470,000 $ % Cost of goods sold 447,252 396,680 %6 Gross Profit 116.748 73,320 96 80,652 Operating expenses 41,360 %5 Net Income $36,096 $ 31,960 $ % (b) Prepare a vertical analysis of the income statement data for Martinez Corp. for both years. (Round percentages to 1 decimal place, e.g. 12.1%) MARTINEZ CORP Condensed Income Statements 2020 Percent 2019 Percent Net sales $564,000 % $470,000 % Cost of goods sold 447.252 % 396,680 %6 Gross Profit 116,748 % 73,320 %6 Operating expenses 80,652 % 41.360 96 Net Income $36.096 5 $31.960 %