The most recent annual statement of profit or loss for High Tower Enterprises is presented below. Prepare a vertical analysis of the statement.

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Income Expenses Cost of sales Advertising expense Insurance expense Rent expense Utilities expense Depreciation Wages and salaries Interest expense Total expenses Profit HIGH TOWER ENTERPRISES Statement of profit or loss $324 000 141 000 31650 16 800 24 200 1840 12 300 62 500 4 800 295 090 $ 28910