Here are the comparative income statements of Pina Colada Corporation PINA COLADA CORPORATION Comparative Income Statements For the Years Ended December 31 December 31, 2022 Net sales $720,000 Cost of goods sold 461,000 Gross profit 259.000 Operating expenses 144.000 Net income $115 000 December 31, 2021 $555,000 413.000 142.000 122.000 $20.000 OLADA CORPORATION ative Income Statements Years Ended December 31 December 31, 2022 $720,000 December 31, 2021 $555,000 Increase or (Decrease) During 2022 Amount Percentage $ 165,000 s 29.7 zoods sold 461.000 413,000 48,000 ofit 259.000 142,000 824 117.000 144.000 ng expenses 122,000 22.000 18.0 me $115.000 $20,000 475.0 95.000 Prepare a vertical analysis of the income statement data for Pina Colada Corporation for both years. (Round percentages to 1 decimal place, s. 12.1%) PINA COLADA CORPORATION Comparative Income Statements For the Years Ended December 31 2022 2021 $ Percent $ Percent Net sales $720,000 $555.000 Cost of goods sold 461,000 * 1913.000 96 SR Gross profit 259.000 % 142.000 144000 122.000 Operating expenses 5115.000 $20.000 Net Income