Question

Here are the comparative income statements of Carla Vista Corporation.

CARLA VISTA CORPORATION Comparative Income Statement For the Years Ended December 31
		2022		2021
Net sales		$610,300		$540,600
Cost of goods sold		448,800		426,200
Gross Profit		161,500		114,400
Operating expenses		76,400		48,100
Net income		$ 85,100		$ 66,300

(a)

Prepare a horizontal analysis of the income statement data for Carla Vista Corporation, using 2021 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%.)

CARLA VISTA CORPORATION Comparative Income Statement choose the accounting period                                                          For the Years Ended December 31For the Month Ended December 31December 31
					Increase or (Decrease) During 2022
	2022		2021		Amount		Percentage
Net sales	$610,300		$540,600		$enter a dollar amount		enter percentages rounded to 1 decimal place	%
Cost of goods sold	448,800		426,200		enter a dollar amount		enter percentages rounded to 1 decimal place	%
Gross Profit	161,500		114,400		enter a dollar amount		enter percentages rounded to 1 decimal place	%
Operating expenses	76,400		48,100		enter a dollar amount		enter percentages rounded to 1 decimal place	%
Net income	$ 85,100		$ 66,300		$enter a dollar amount		enter percentages rounded to 1 decimal place	%

Answer 1

CARLA VISTA CORPORATION
Comparative Income Statement
For the Years Ended December 31
			Increase or (Decrease) During 2022
	2022	2021	Amount	Percentage
Net sales	610300	540600	69700	12.9%
Cost of goods sold	448800	426200	22600	5.3%
Gross Profit	161500	114400	47100	41.2%
Operating expenses	76400	48100	28300	58.8%
Net income	85100	66300	18800	28.4%