The following is summary of information presented on the financial statements of a company on December 31, 2020. Account 2020 2019 Net Sales Revenue $525,000 $504,000 Cost of Goods Sold 402.000 399.000 Gross Profit $123,000 $105,000 Selling Expenses 46.000 58.000 Net Income Before Income Tax Expense $77.000 $47,000 Income Tax Expense Net Income 30.000 $16.600 $47.000 $30.400 1. Prepare a horizontal analysis of the Gross Profit (Round to one decimal place) 2. Prepare a vertical analysis of Gross Profit for the years 2019 and 2020. (Round to one decimal place)