Accounting Expert Only!”Financial Statement Analysis” E13-6 Here are the comparative income statements of Delaney Corporation.Instructions(a) Prepare a horizontal analysis of the income statement data for Delaney Corporation, using 2016 as a base. (Show the amounts of increase or decrease.)(b) Prepare a vertical analysis of the income statement data for Delaney Corporation for both years.(c) Make an observation on at least one (1) of the numbers presented.—Please give a brief examination of the answer——-