(5) Prepare a vertical analysis of the income statement data for Sheridan Corporation for both years. (Round percentages to 1 decimal place. es 12.1%) SHERIDAN CORPORATION Condensed Income Statements For the Years Ended December 31 2021 2022 Percent Percent $638.000 Net sales 100 $ 562.900 100 Cost of goods sold 452 500 434 800 Gross Profit 185.500 128,100 Operating expenses 78,700 42.800 Net income $ 106,800 $ 85,300