Prepare a horizontal analysis of the income statement data for Pina Colada 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. eg. 12.1%) PINA COLADA CORPORATION Comparative Income Statements For the Years Ended December 31 Net sales Cost of goods sold Gross profit Operating expenses Net income December 31, 2022 $766,000 493,000 273,000 144,000 $129,000 December 31, 2021 303,000 $470,000 $ 167.000 122,000 Increase or (Decrease) During 2022 $45,000 Amount Percentage

Prepare a horizontal analysis of the income statement data for Pina Colada 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. eg. 12.1%) PINA COLADA CORPORATION Comparative Income Statements For the Years Ended December 31 Net sales Cost of goods sold Gross profit Operating expenses Net income December 31, 2022 $766,000 493,000 273,000 144,000 $129,000 December 31, 2021 303,000 $470,000 $ 167.000 122,000 Increase or (Decrease) During 2022 $45,000 Amount Percentage

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter4: Accounting For Retail Operations

Section: Chapter Questions

Problem 4.2MBA: Sales transactions Using transactions listed in P4-2, indicate the effects of each transaction on...

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