I need you to solve part a and b. This question is about horizontal analysis and vertical analysis.

PHAROAH CORPORATION Comparative Income Statement For the Years Ended December 31 2022 2021 Net sales $628,800 $533,500 Cost of goods sold 446,600 437,900 Gross Profit 182,200 95,600 Operating expenses 79,000 41,600 Net income $ 103,200 $ 54,000 (a) Prepare a horizontal analysis of the income statement data for Pharoah 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%.) PHAROAH CORPORATION Comparative Income Statement Increase or (Decrease) During 2022 2022 2021 Amount Percentage Net sales $628,800 $533,500 $ Cost of goods sold 446,600 437,900 % Gross Profit 182,200 95,600 % Operating expenses 79,000 41,600 % Net income $ 103,200 $ 54,000 $ % Vertical Analysis uestion 2 of 3 - / 50 place, e.g. 12.1%.) PHAROAH CORPORATION Condensed Income Statements 2022 2021 Percent $ Percent Net sales $628,800 % $533,500 % Cost of goods sold 446,600 % 437,900 % Gross Profit 182,200 % 95,600 Operating expenses 79,000 % 41,600 Net income $ 103,200 % $ 54,000 %