PLEASE SHOW YOUR WORK :)

Question 23 35 pts Artie LLC had the following income statement data for the past 3 years. 2020 2019 2018 Net Sales 300,000 Net Sales 260.000 Net Sales 250,00 Cost of Goods Sold 95,000 Cost of Goods Sold 78,000 Cost of Goods Sold 80,000 205,000 Gross Profit 182,000 170,00 Gross Profit Operating Expenses 55,000 60,000 Gross Profit Operating Expenses Operating Expenses Net Income 50,000 Net Income 150,000 122,000 Net Income 120,00 a. Perform horizontal analysis for all three years, using 2018 as the base year. (Round your answers to 2 decimal places.) b. Perform vertical analysis of the income statement data for 2019 and 2020. (You must submit all work to receive credit on this question.)