15.6 Income statement information for Sheaf Corporation follows:

Sales	$559,000
Cost of goods sold	150,930
Gross profit	408,070

Prepare a vertical analysis of the income statement for Sheaf Corporation. If required, round percentage answers to the nearest whole number.

Sheaf Corporation
Vertical Analysis of the Income Statement
	Amount	Percentage
Sales	$559000	%
Cost of goods sold	150930	%
Gross profit	$408070	%