Here are the comparative income statements of Sandhill Corporation. SANDHILL CORPORATION Comparative Income Statement For the Years Ended December 31 2022 2021 Net sales $621,600 $541,200 Cost of goods sold 450,400 439,700 Gross Profit 171,200 101,500 Operating expenses 70,300 42,500 Net income $ 100,900 $ 59,000 Prepare a horizontal analysis of the income statement data for Sandhill 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%.) SANDHILL CORPORATION Comparative Income Statement 2022 2021 Net sales $621,600 $541,200 $ Cost of goods sold 450,400 439,700 Gross Profit 171,200 101,500 Operating expenses 70,300 42.500 Net income $ 100.900 $59,000 $ Increase or (Decrease) During 2022 Amount Percentage % % % SU Prepare a vertical analysis of the income statement data for Sandhill Corporation for both years. (Round percentages to 1 decimal place, eg. 12.1%) SANDHILL CORPORATION Condensed Income Statements 2022 2021 $ Percent $ Percent $621,600 % $541,200 Net sales % Cost of goods sold 450,400 % 439,700 % Gross Profit 171.200 % 101.500 % Operating expenses 70,300 % 42,500 % SUF Net income $ 100,900 % $ 59,000 %