6) Following is the income statement for Lovesick Lake Group Inc., for the year ended December 31, 2019: (6) Lovesick Lake Group Inc. Net sales Expenses: Income Statement For the Year Ended December 31, 2019 Cost of goods sold Selling expenses General expenses Interest expense Income tax expense Total expenses Net income $3,470,000 $2,082,000 105,000 291,000 10,000 265,000 2,753,000 $ 717,000 a. Prepare a vertical analysis of the income statement showing appropriate percentages for each item listed above. Round percentages to one-tenth percent. b. What additional information would you need to determine whether these percentages are good or bad