Prepare a analysis income statement for Dollop Inc You are given an income statement for Dollop, INC for the years 2009, 2008, 2007. You are asked to complete a common size income statement. Complete the calculation for horizontal analysis for the year to year column. by calculating the percentage of change from year to year. Second perform a vertical analysis for percentage of sales by calculating total sales..

	2009		2008			2007
	Year to year	Sales %		Year to year	sales %		sales %
1,000,000			700,000			600,000
710,000			500,000			430,000
290,000			200,000			170,000
240,000			160,000			120,000
50,000			40,000			50,000
22,000			22,000			22000
28,000			18,000			28,000
13,000			6,000			9000
15,000			12,000			19,000