please fill in the blanks for a and b

Prepare a horizontal analysis of the income statement data for Emley Corporation using 2016 as a base. (Enter negative amounts and percentages using either negative sign preceding the number e.g. -45,454 or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, c.9. 12.3%) EMLEY CORPORATION Condensed Income Statements Increase or (Decrease) During 2017 Amount Percentage 2017 2016 Net sales F $739,200 $672,000 Cost of goods sold 3 540,960 471,400 199,240 200,600 Gross profit 134,400 Operating expenses 140,000 4 $58,240 566,200 Net Income (b) Prepare a vertical analysis of the income statement data for Emley Corporation in columnar form for both years. (Round percentages to 1 decimal place ... 12.3%) EMLEY CORPORATION Condensed Income Statements 2017 2016 Percent Amount Percent Amount 90 5672,000 Net sales $739,200 Cost of goods sold 540,960 471,400 9 Gross profit 198,240 200,600 Operating expenses 140,000 134,400 Net income 558,240 $ 66,200 Question 8 The comparative condensed income statements of Emley Corporation are shown below. EMLEY CORPORATION Comparative Condensed Income Statements For the Years Ended December 31 2017 2016 $739,200 $672,000 540,960 471,400 Net sales Cost of goods sold Gross profit Operating expenses 198,240 200,600 140,000 134,400 $ 58,240 $ 66,200 Net income