Here are the comparative income statements of Sandhill Corporation. SANDHILL CORPORATION Comparative Income Statement For the Years Ended December 31 2022 2021 Net sales $628,300 $531,300 Cost of goods sold 456,400 409,900 Gross Profit 171,900 121,400 Operating expenses 71,400 41,100 Net income $ 100,500 $80,300 (a) 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, eg.-55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, eg. 12.1%) 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, eg. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, eg. 12.1%) SANDHILL CORPORATION Comparative Income Statement Increase or (Decrease) During 2022 2022 2021 Amount Percentage Net sales $628,300 $531,300 Cost of goods sold 409.900 456,400 Gross Profit 171,900 121,400 Operating expenses 71,400 41,100 Net income $100,500 $80,300 %24 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 %24 Percent Percent Net sales $628,300 $531,300 Cost of goods sold 456,400 409,900 Gross Profit 171,900 121,400 Operating expenses 71,400 41,100 Net income $ 100,500 $ 80,300 Here are the comparative income statements of Sandhill Corporation. SANDHILL CORPORATION Comparative Income Statement For the Years Ended December 31 2022 2021 Net sales $628,300 $531,300 Cost of goods sold 456,400 409,900 Gross Profit 171,900 121,400 Operating expenses 71,400 41,100 Net income $ 100,500 $80,300 (a) 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, eg.-55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, eg. 12.1%) 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, eg. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, eg. 12.1%) SANDHILL CORPORATION Comparative Income Statement Increase or (Decrease) During 2022 2022 2021 Amount Percentage Net sales $628,300 $531,300 Cost of goods sold 409.900 456,400 Gross Profit 171,900 121,400 Operating expenses 71,400 41,100 Net income $100,500 $80,300 %24 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 %24 Percent Percent Net sales $628,300 $531,300 Cost of goods sold 456,400 409,900 Gross Profit 171,900 121,400 Operating expenses 71,400 41,100 Net income $ 100,500 $ 80,300 Here are the comparative income statements of Sandhill Corporation. SANDHILL CORPORATION Comparative Income Statement For the Years Ended December 31 2022 2021 Net sales $628,300 $531,300 Cost of goods sold 456,400 409,900 Gross Profit 171,900 121,400 Operating expenses 71,400 41,100 Net income $ 100,500 $80,300 (a) 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, eg.-55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, eg. 12.1%) 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, eg. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, eg. 12.1%) SANDHILL CORPORATION Comparative Income Statement Increase or (Decrease) During 2022 2022 2021 Amount Percentage Net sales $628,300 $531,300 Cost of goods sold 409.900 456,400 Gross Profit 171,900 121,400 Operating expenses 71,400 41,100 Net income $100,500 $80,300 %24 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 %24 Percent Percent Net sales $628,300 $531,300 Cost of goods sold 456,400 409,900 Gross Profit 171,900 121,400 Operating expenses 71,400 41,100 Net income $ 100,500 $ 80,300 Here are the comparative income statements of Sandhill Corporation. SANDHILL CORPORATION Comparative Income Statement For the Years Ended December 31 2022 2021 Net sales $628,300 $531,300 Cost of goods sold 456,400 409,900 Gross Profit 171,900 121,400 Operating expenses 71,400 41,100 Net income $ 100,500 $80,300 (a) 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, eg.-55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, eg. 12.1%) 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, eg. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, eg. 12.1%) SANDHILL CORPORATION Comparative Income Statement Increase or (Decrease) During 2022 2022 2021 Amount Percentage Net sales $628,300 $531,300 Cost of goods sold 409.900 456,400 Gross Profit 171,900 121,400 Operating expenses 71,400 41,100 Net income $100,500 $80,300 %24 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 %24 Percent Percent Net sales $628,300 $531,300 Cost of goods sold 456,400 409,900 Gross Profit 171,900 121,400 Operating expenses 71,400 41,100 Net income $ 100,500 $ 80,300 Here are the comparative income statements of Sandhill Corporation. SANDHILL CORPORATION Comparative Income Statement For the Years Ended December 31 2022 2021 Net sales $628,300 $531,300 Cost of goods sold 456,400 409,900 Gross Profit 171,900 121,400 Operating expenses 71,400 41,100 Net income $ 100,500 $80,300 (a) 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, eg.-55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, eg. 12.1%) 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, eg. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, eg. 12.1%) SANDHILL CORPORATION Comparative Income Statement Increase or (Decrease) During 2022 2022 2021 Amount Percentage Net sales $628,300 $531,300 Cost of goods sold 409.900 456,400 Gross Profit 171,900 121,400 Operating expenses 71,400 41,100 Net income $100,500 $80,300 %24 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 %24 Percent Percent Net sales $628,300 $531,300 Cost of goods sold 456,400 409,900 Gross Profit 171,900 121,400 Operating expenses 71,400 41,100 Net income $ 100,500 $ 80,300