Business, 10.12.2021 19:10 tareas7009

Here are the comparative income statements of Whispering Winds Corporation. WHISPERING WINDS CORPORATIONComparative Income StatementsFor the Years Ended December 31December 31, 2022 December 31, 2021Net sales$688,000 $576,000Cost of goods sold445,000 417,000Gross profit243,000 159,000Operating expenses145,000 108,000Net income$98,000 $51,000Prepare a horizontal analysis of the income statement data for Whispering Winds Corporation using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e. g. -55,000, -12.1% or (55,000), (12.1%). Round percentages to 1 decimal place, e. g. 12.1%.)WHISPERING WINDS CORPORATIONComparative Income StatementsFor the Years Ended December 31Increase or (Decrease) During 2022December 31, 2022 December 31, 2021 Amount PercentageNet sales$688,000 $576,000 %Cost of goods sold445,000 417,000 %Gross profit243,000 159,000 %Operating expenses145,000 108,000 %Net income$98,000 $51,000 %

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