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I want to make sure I have the correct numbers for the horizontal line analysis, but I need help solving for percents under a vertical

image text in transcribedI want to make sure I have the correct numbers for the horizontal line analysis, but I need help solving for percents under a vertical line analysis for the second question. Thanks

--/1 Question 3 View Policies Current Attempt in Progress Here are the comparative income statements of Pronghorn Corp. PRONGHORN CORP Comparative Income Statement For the Years Ended December 31 2019 2018 Net sales $540,000 $450,000 Cost of goods sold 434,700 377,550 Gross Profit 105,300 72,450 Operating expenses 66,420 39,150 Net income $ 38,880 $33,300 (a) Prepare a horizontal analysis of the income statement data for Pronghorn Corp, 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%.) PRONGHORN CORP Comparative Income Statement For the Years Ended December 31 Increase or (Decrease) During 2019 2019 2018 Amount Percentage Net sales $540,000 $450,000 $ 90,000 2.0 % Cost of goods sold 434,700 377,550 57,150 15.1 % Gross Profit 105,300 72,450 32,850 45.3 % Operating expenses 66,420 39,150 27,270 69.6 % Net income $38,880 $33,300 $ 5,580 100 % (b) Prepare a vertical analysis of the income statement data for Pronghorn Corp for both years. (Round percentages to 1 decimal place, e.g. 12.1%.) 2018 Percent PRONGHORN CORP Condensed Income Statements For the Years Ended December 31 2019 Percent % $450,000 % 377,550 % 72,450 % 39,150 % $33,300 Net sales $540,000 Cost of goods sold 434,700 Gross Profit 105,300 Operating expenses 66,420 Net income $ 38,880

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