The following transactions are extracted from Hope Company books The financial statements of Hope Company appear below: Comporative Condensed Income Statements For the Years Ended December 31 2020 Net sales Cost of goods sold Gross profit Operating expenses Net income 5620,000 450,000 170.000 54,000 $1.16.000 Required 2019 5500.000 400,000 100,000 40.000 $60.000 (I Prepare a horizontal analysis of the income statement data for Hope Company using 2019 as a base. (2) Prepare a vertical analysis of the income statement data for Hope Company in columnar form for both years