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SPLISH BROTHERS CORPORATION Comparative Income Statements For the Years Ended December 31 December 31, 2022 Net sales $714,000 Cost of goods sold 411,000 Gross profit 303,000 Operating expenses 157,000 Net income $146,000 December 31, 2021 $530,000 372,000 158,000 129.000 $29.000 Prepare a horizontal analysis of the income statement data for Splish Brothers Corporation using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, :3.55,000.-12.1% or (55,000). (12.1%). Round percentages to 1 decimal place, es. 12.1%.) BROTHERS CORPORATION ative Income Statements ears Ended December 31 Increase or (Decrease) During 2022 December 31, 2022 December 31, 2021 Amount Percentage $714.000 $530,000 $ 184000 % 411,000 oods sold % 372.000 39000 oht 96 303,000 158,000 145000 expenses 157.000 129,000 26 28000 Me $146,000 $29,000 $ % 117000 For the Years Ended December 31 2022 2021 $ Percent $ Percent Net sales $714,000 100 $530,000 100 * Cost of goods sold 411.000 372.000 Gross pront 303,000 150.000 Operating expenses 157.000 X 129.000 Net income $146,000 $29.000