The comparative condensed income statements of Emley Corporation are shown below.

EMLEY CORPORATION Comparative Condensed Income Statements For the Years Ended December 31
2015	2014
Net sales	$599,380	$498,190
Cost of goods sold	485,130	419,890
Gross profit	114,250	78,300
Operating expenses	55,410	45,080
Net income	$58,840	$33,220

Prepare a horizontal analysis of the income statement data for Emley Corporation using 2014 as a base.(Round percentages to 1 decimal place, e.g. 12.3%.)

EMLEY CORPORATION Condensed Income Statements For the Years Ended December 31
Increase or (Decrease) During 2015
2015	2014	Amount	Percentage
Net sales	$599,380	$498,190	$	%
Cost of goods sold	485,130	419,890		%
Gross profit	114,250	78,300		%
Operating expenses	55,410	45,080		%
Net income	$58,840	$33,220	$	%

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Prepare a vertical analysis of the income statement data for Emley Corporation in columnar form for both years.(Round percentages to 1 decimal place, e.g. 12.3%.)

EMLEY CORPORATION Condensed Income Statements For the Years Ended December 31
2015	2014
Amount	Percent	Amount	Percent
Net sales	$599,380	%	$498,190	%
Cost of goods sold	485,130	%	419,890	%
Gross profit	114,250	%	78,300	%
Operating expenses	55,410	%	45,080	%
Net income	$58,840	%	$33,220	%