Here are the comparative income statements of Splish Brothers Corporation. SPLISH BROTHERS CORPORATION Comparative Income Statements For the Years Ended December 31 December 31, 2022 Net sales $651,000 Cost of goods sold 449,000 Gross profit 202,000 Operating expenses 146,000 Net income $56,000 December 31, 2021 $488,000 368,000 120,000 101,000 $19,000 Prepare a horizontal analysis of the income statement data for Splish Brothers Corporation using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -12.1% or (55,000), (12.1%). Round percentages to 1 decimal place, e.g. 12.1%.) THERS CORPORATION Income Statements Ended December 31 Increase or (Decrease) During 2022 Amount Percentage December 31, 2022 December 31, 2021 $651,000 $488,000 $ 163000 33.4 % sold 449,000 368,000 81000 22.0 % 202,000 120,000 82000 68.3 % penses 146,000 101,000 45000 44.6 % $56,000 $19,000 37000 194.7 % Prepare a vertical analysis of the income statement data for Splish Brothers Corporation for both years. (Round percentages to 1 decimal place, e.g. 12.1%.) SPLISH BROTHERS CORPORATION Comparative Income Statements For the Years Ended December 31 2022 $ 2021 Percent $ Percent Net sales $651,000 % $488,000 % Cost of goods sold 449,000 % 368,000 % Gross profit 202,000 % 120,000 % Operating expenses 146,000 % 101,000 % Net income $56,000 % $19,000 %