Here are the comparative income statements of Pina Colada Corp.. PINA COLADA CORP. Comparative Income Statement For the Years Ended December 31 2017 2016 Net sales $639,600 $534,300 Cost of goods sold 449,300 414,500 Gross Profit 190,300 Operating expenses 72,700 49,300 Net income $ 117,600 $ 70,500 Prepare a horizontal analysis of the income statement data for Pina Colada Corp, using 2016 as a base (If amount and percentage are a decrease show the numbers as negative, 3.-55.000, -20% or (55,000). (20%). Round percentages to 1 decimal place, es. 12.1%) PINA COLADA CORP Comparative Income Statement Increase or (Decrease) During 2017 2017 2016 Amount Percentage Net sales $639,600 $534,300 $ 449,300 414,500 Cost of goods sold Gross Profit Operating expenses 190,300 72,700 $117.600 119,800 49,300 $70,500 $ Net income Prepare a vertical analysis of the income statement data for Pina Colada Corp. for both years. (Round percentages to 1 decimal place, ey. 12.1%) PINA COLADA CORP. Condensed Income Statements 2017 2016 Percent Percent $534,300 % 414,500 Net sales $639,600 Cost of goods sold 449,300 Gross Profit 190,300 Operating expenses 72,700 Net income $117,600 % % % 119,800 49,300 $ 70,500 Atomnt.no