1) Use the following information about The Conley Company to do a vertical analysis of the income statement for the current year. Fill in the missing components in the table.

Account	Current	Prior	Percent
Net sales revenue	$350,000	$312,000
Cost of goods sold	$192,500	$215,000
Gross profit	$157,500	$97,000
Selling/general expenses	$84,000	$36,500
Net income before tax	$73,500	$60,500
Income tax	$14,000	$6,400
Net income	$59,500	$54,100