just b)

MORAN CORPORATION Comparative Condensed Income Statements For the Years Ended December 31 2011 2010 Net sales $600,000 $500,000 Cost of goods sold 450,000 400,000 Gross profit 150,000 100,000 Operating expenses 54,000 40,000 Net income $ 96,000 $ 60,000 Instructions (a) Prepare a horizontal analysis of the income statement data for Moran Corporation using 2010 as a base. (Show the amounts of increase or decrease.) (b) Prepare a vertical analysis of the income statement data for Moran Corporation in columnar form for both years