Consider the following income statement:

Commission revenue $120,000 Rental revenue 9,900 Interest income 4,100 Total revenue $134,000 Salaries expense 54,000 Depreciation expense 23,000 Interest expense 2,550 Miscellaneous expense 10,400 (89,950)

Operating income 44,050 Income taxes (16,825)

Extraordinary items, net of tax 12,000 Net income $39,225 Required

a. Review and analyze this income statement, using vertical analysis.

b. What other items might usually be found in such an income statement (what is missing)?