Return to Blackboard JS , se Hele System Announcements CALCULATOR PRINTER VERSION & BACK Exercise 13-06 a-b Here are the comparative Income statements of Swifty Corporation SWIFTY CORPORATION Comparative Income Statement For the Years Ended December 31 2020 2019 Net sales $588,000 $490,000 Cost of goods sold 456,876 420,420 Gross Profit 131,124 69,580 Operating expenses 84,084 40,180 Net Income $ 47,040 $ 29,400 Prepare a horizontal analysis of the income statement data for Swifty Corporation, using 2019 as a base. (If amount and percentage are a decrease show the numbers as negativ e.. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, c.9. 12.19.) SWIFTY CORPORATION Comparative Income Statement Increase or (Decrease) During 2020 Amount Percentage 2020 2015 $589,000 $490,000 Cost of goods sold 456,876 420,420 Gross Profit 131,124 69,560 Operating expenses 84,084 40,180 Netcome $ 47,040 $ 29,400 atv A Prepare a vertical analysis of the income statement data for Swifty Corporation for both years. (Round percentages to 1 decimal place, e.g. 13 SWIFTY CORPORATION Condensed Income Statements 2019 2020 Percent Percent Net sales $588,000 % $490,000 96 Cost of goods sold 456,876 % 420,420 % Gross Profit 131,124 % 69,580 % Operating expenses 84,084 % 40,180 %% Net Income $ 47,040 % $ 29,400 %