A condensed income statement for Northeast Airlines and a partially completed vertical analysis are presented below.

Required:

1.	Complete the vertical analysis by computing each missing line item as a percentage of sales revenues.

A condensed income statement for Northeast Airlines and a partially completed vertical analysis are presented below. Required: 1. Complete the vertical analysis by computing each missing line item as a percentage of sales revenues. (Round your answers to the nearest whole percent.) NORTHEAST AIRLINES Income Statement (summarized) For the Year Ended December 31 in millions of U.S. dollars) 2013 2012 17,734 100 100 17,140 Sales Revenues 4,769 Salaries and Wages Expense 5,015 28 6,877 7,289 Fuel, Oil, Repairs, and Maintenance 4,576 4,485 Other Operating Expenses 26 0 (64) 0 Other Expenses (Revenues) 26 Income before Income Tax Expense 1,240 7 661 4 3 250 1 467 Income Tax Expense 773 411 Net Income