Here are the comparative income statements of Swifty Corporation.

SWIFTY CORPORATION Comparative Income Statement For the Years Ended December 31
		2019		2018
Net sales		$588,000		$490,000
Cost of goods sold		456,876		420,420
Gross Profit		131,124		69,580
Operating expenses		84,084		40,180
Net income		$ 47,040		$ 29,400

(a) Prepare a horizontal analysis of the income statement data for Swifty Corporation, using 2018 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%.)

SWIFTY CORPORATION Comparative Income Statement choose the accounting period For the Years Ended December 31For the Month Ended December 31December 31
					Increase or (Decrease) During 2019
	2019		2018		Amount		Percentage
Net sales	$588,000		$490,000		$enter a dollar amount		enter percentages rounded to 1 decimal place	%
Cost of goods sold	456,876		420,420		enter a dollar amount		enter percentages rounded to 1 decimal place	%
Gross Profit	131,124		69,580		enter a dollar amount		enter percentages rounded to 1 decimal place	%
Operating expenses	84,084		40,180		enter a dollar amount		enter percentages rounded to 1 decimal place	%
Net income	$ 47,040		$ 29,400		$enter a dollar amount		enter percentages rounded to 1 decimal place	%

(b) Prepare a vertical analysis of the income statement data for Swifty Corporation for both years. (Round percentages to 1 decimal place, e.g. 12.1%.)

SWIFTY CORPORATION Condensed Income Statements choose the accounting period For the Years Ended December 31December 31For the Month Ended December 31
	2019					2018
	$		Percent			$		Percent
Net sales	$588,000		enter percentages rounded to 1 decimal place	%		$490,000		enter percentages rounded to 1 decimal place	%
Cost of goods sold	456,876		enter percentages rounded to 1 decimal place	%		420,420		enter percentages rounded to 1 decimal place	%
Gross Profit	131,124		enter percentages rounded to 1 decimal place	%		69,580		enter percentages rounded to 1 decimal place	%
Operating expenses	84,084		enter percentages rounded to 1 decimal place	%		40,180		enter percentages rounded to 1 decimal place	%
Net income	$ 47,040		enter percentages rounded to 1 decimal place	%		$ 29,400		enter percentages rounded to 1 decimal place	%