part a horizontal analysis

please pick drop down for part a

part b vertical analysis

pick drop down for part b

Here are the comparative income statements of Sunland Corporation. SUNLAND CORPORATION Comparative Income Statement For the Years Ended December 31 2022 2021 $613,800 457.400 Net sales Cost of goods sold Gross Profit Operating expenses Net income 156,400 73,400 $ 83,000 $556,000 437.400 118,600 41,900 $76.700 Prepare a horizontal analysis of the income statement data for Sunland Corporation, using 2021 as a base. (If amount and percentage ore a decrease show the numbers as negative, eg.-55,000, -20% or (55,0001. (20%). Round percentages to 1 decimal place.eg. 12.1%) SUNLAND CORPORATION Comparative Income Statement Increase or (Decrease) During 2022 Amount Percentage 2022 2021 Net sales $613,800 $556,000 $ Cost of goods sold 457.400 437,400 156.400 Gross Profit 118.600 96 Operating expenses 73.400 41,900 Net Income 56 $83,000 576,700 $ Prepare a horizontal analysis of the income statement data for Sunland Corporation, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, eg.-55,000.-20% or (55,000),(20%). Round percentages to 1 decimal place, ey 12.1%) SUNLAND CORPORATION Comparative Income Statement (Decrease) During 2022 Percentage 2022 Farthe Years Ended December 31 Net sales S613,800 For the Month Erded December 31 Cost of goods sold 457 400 December 31 76 Gross Profit 156,400 118,600 % Operating expenses 73.400 41,900 Net Income $83.000 $ 76,700 $ Prepare a vertical analysis of the income statement data for Sunland Corporation for both years. (Round percentages to 1 decimal place, e.g. 12.1%) SUNLAND CORPORATION Condensed Income Statements 2022 Percent 2021 Percent Net sales $613.800 % $556.000 Cost of goods sold 457,400 437 400 Gross Profil 156.400 % 118,600 Operating expenses 73.400 76 41.900 % Net Income 583.000 $76.700 (6) Prepare a vertical analysis of the income statement data for Sunland Corporation for both years. (Round percentages to 1 decimal place, e.g. 12.1%) SUNLAND CORPORATION Condensed Income Statements 2021 Percent For the Year Ended December 31 $613,800 Net sales For the Month Ended December 31 000 56 December 31 457,400 400 9 Cost of goods sold Gross Profit 156,400 % 118,600 Operating expenses 73.400 96 41.900 Net Income 583.000 22 $76.700