Here are the comparative income statements of pina colada corp.. pina colada corp. comparative income statement for the years ended december 31 net sales cost of goods sold gross profit operating expenses 2017 $639,600 449,300 190,300 72,700 $ 117,600 2016 $534,300 414,500 119,800 49,300 $ 70,500 net income (a) prepare a horizontal analysis of the income statement data for pina colada corp., using 2016 as a base. (if amount and percentage are a decrease show the numbers as negative, e. g. -55,000, -20% or (55,000), (20%). round percentages to 1 decimal place, e. g. 12.1%.) pina colada corp. comparative income statement for the month ended december 31 increase or (decrease) during 2017 2017 2016 amount percentage net sales $639,600 $534,300 t 105300 19.71 % cost of goods sold 449,300 414,500 34800 8.40 % gross profit 190,300 119,800 70500 58.85 operating expenses 72,700 49,3001 23400 47.46 net income $ 117,600 $ 70,500 47100 66.81 % (b) (b) prepare a vertical analysis of the income statement data for pina colada corp. for both years. (round percentages to 1 decimal place, e. g. 12.1%.) pina colada corp. condensed income statements 2017 percent 2016 percent net sales $639,600 % $534,300 cost of goods sold 449,300 414,500 gross profit 190,300 % 119,800 operating expenses 72,700 % 49,300 net income $ 117,600 % $ 70,500