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| Question1 Here arethe comparative income statements of Blue Spruce Corp BLUESPRUCE CORP Comparative Income Statement For the Years Ended December 31 Net sales Cost
| Question1 Here arethe comparative income statements of Blue Spruce Corp BLUESPRUCE CORP Comparative Income Statement For the Years Ended December 31 Net sales Cost of goods sold Gross Profnt 0172016 625.500 S573,800 457,900 167.600 139000 434,800 Operating expenses 70800 44000 Net inccme $96800 $95,000 (al Prepare a honzontal analys s of the income statement data for BlueSpruce Cor us ng 2016 as a base if amount and percentage are a decrease show the numbers as negative, eg. 55,000-20 or (55,00 (20%) Round percentages to 1 decimal place, eg. 12.1 BLUE SPRUCE CORP Increase or 2017 2017 2016 S625500 $573,800 Net sales Cost of goods soid 457.900 434,800 Gross Profit Operating expenses 70800 44,000 Net income 167,600 139,000 96800 $95,000 S lb) Prepare a vertical analysis of the income statement data forBlueSpruce Corp for both years. (Round percentages to 1 decimal place, e.g. 12.1% BLUESPRUCE CORP 2017 2016 Percent Percent Net salcs Cost of goods sold Gross Profit Operating expenses Net income S625.500 457,900 167.600 70,800 96,800 % $573800 % 434.800 % 139,000 %44.000 % $95.000
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