Here are the comparative income statements of Oriole Corporation.

ORIOLE CORPORATION Comparative Income Statement For the Years Ended December 31
		2022		2021
Net sales		$640,400		$584,700
Cost of goods sold		463,600		439,100
Gross Profit		176,800		145,600
Operating expenses		79,100		48,700
Net income		$ 97,700		$ 96,900

(a) Prepare a horizontal analysis of the income statement data for Oriole Corporation, using 2021 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%.)

ORIOLE CORPORATION Comparative Income Statement choose the accounting period For the Years Ended December 31For the Month Ended December 31December 31
					Increase or (Decrease) During 2022
	2022		2021		Amount		Percentage
Net sales	$640,400		$584,700		$enter a dollar amount		enter percentages rounded to 1 decimal place	%
Cost of goods sold	463,600		439,100		enter a dollar amount		enter percentages rounded to 1 decimal place	%
Gross Profit	176,800		145,600		enter a dollar amount		enter percentages rounded to 1 decimal place	%
Operating expenses	79,100		48,700		enter a dollar amount		enter percentages rounded to 1 decimal place	%
Net income	$ 97,700		$ 96,900		$enter a dollar amount		enter percentages rounded to 1 decimal place	%

(b) Prepare a vertical analysis of the income statement data for Oriole Corporation for both years. (Round percentages to 1 decimal place, e.g. 12.1%.)

ORIOLE CORPORATION Condensed Income Statements choose the accounting period For the Years Ended December 31For the Month Ended December 31December 31
	2022					2021
	$		Percent			$		Percent
Net sales	$640,400		enter percentages rounded to 1 decimal place	%		$584,700		enter percentages rounded to 1 decimal place	%
Cost of goods sold	463,600		enter percentages rounded to 1 decimal place	%		439,100		enter percentages rounded to 1 decimal place	%
Gross Profit	176,800		enter percentages rounded to 1 decimal place	%		145,600		enter percentages rounded to 1 decimal place	%
Operating expenses	79,100		enter percentages rounded to 1 decimal place	%		48,700		enter percentages rounded to 1 decimal place	%
Net income	$ 97,700		enter percentages rounded to 1 decimal place	%		$ 96,900		enter percentages rounded to 1 decimal place	%