A condensed income statement for Simultech Corporation 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.) SIMULTECH CORPORATION Income Statement (summarized) (in millions of U.S. dollars) Current Year Previous Year Sales Revenues $ 2,070 100 % $ 2,360 100% 1,577 76 1,781 393 406 17 Cost of Goods Sold Selling, General, and Administrative Expenses Other Operating Expenses Interest Expense 52 3 12 1 20 20 1 Income before income taxes 28 1 141 Income Tax Expense 6 0 28 1 Net Income $ 22 % $ 113 %