html?launchid=c1d0b44e-6ac9-4bfd-9ecf-80c471e9cbc48/question/7 13-Homework (FA20) Question 8 of 9 View Policies Show Attempt History Current Attempt in Progress 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 December 31, 2021 Net sales $610,000 $500,000 Cost of goods sold 400,000 320,000 Gross profit 210,000 180,000 Operating expenses 140,000 120,000 Net income $70,000 $60,000 9A (a) 2 1.5 Your answer is correct. 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, eg-55,000-12.1% or (55,0001 (12.1%) Round percentages to 1 decimal place, eg 12.1%) S 3 4 ELI D 55 MacBook Pro Search or type URL & 6 47 R T Y F 9 J co 8 0 0 H J K L uestion 8 of 9 > 1.5/3 E Your answer is correct 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, eg.-55,000,-12.1% or (55,000), (12.1%). Round percentages to 1 decimal place, e.g. 12.1%) LISH BROTHERS CORPORATION mparative Income Statements the Years Ended December 31 Increase or (Decrease) During 2022 December 31, 2022 December 31, 2021 Amount Percentage tsales $610,000 $500,000 $ 110000 22 st of goods sold 400,000 320,000 80000 25 oss profit 210,000 180,000 30000 16.67 erating expenses 140,000 120,000 20000 16.67 tincome $70,000 $60,000 $ 10000 16.67 eTextbook and Media Using multiple attempts will impact your score. 10% score reduction after attempt 1 3 C 94 MacBook Pro G Search or type URL 95 W E R T 6 AF & 49 4 7 8 0 > Attempts: 1 of 3 used 0 61 0 D F G H J K X C V B N M V P v uestion 8 of 9