Prepare horizontal and vertical analyses. E13-6 Here are the comparative income statements of Delaney Corporation. DELANEY CORPORATION Comparative Income Statements For the Years Ended December 31 LO 2), AP Net sales Cost of goods sold Gross profit Operating expenses Net income 2017 $598,000 477,000 121,000 80,000 S 41,000 2016 $500,000 420,000 80,000 44,000 S 36,000