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Complete a vertical analysis of the following income statement from Gomez Corporation. . Do not use a negative sign in your answers. Round to the

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Complete a vertical analysis of the following income statement from Gomez Corporation. . Do not use a negative sign in your answers. Round to the nearest whole percentage point (for example, enter 60 for 60.4% or 61 for 60.5%). Vertical Analysis 2020 2019 Income Statement 2020 2019 % of Sales % of Sales Revenues $50,000 $55,000 % 96 Cost of goods sold 32,000 36,000 96 96 Gross margin 18,000 19,000 96 96 Operating expenses 11.000 12,500 % 96 Net income $7,000 $6,500 % 96 Complete a horizontal analysis of the following income statement from Gomez Corporation. Use a negative sign to indicate a decrease. Round to the nearest whole percentage point (for example, enter 60 for 60.4% or 61 for 60.5%). Horizontal Analysis Dollar Percentage Income Statement 2020 2019 Change Change Revenues $50,000 $55,000 $ 96 Cost of goods sold 32,000 36,000 $ 96 Gross margin 18,000 19,000 $ 96 Operating expenses 11,000 12,500 $ 96 Net income $7,000 $6,500 $ 95

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