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 Sales Revenues $ 2,085 100%S Cost of Goods Sold 1,737 83 Setting General and Administrative Expenses 245 Other Operating Expenses 43 2 Interest Expense 12 Income before income taxes 48 2 Income Tax Expense 8 0 Net Income $ 40 96 $ Previous Year 2,150 100% 1,621 246 11 11 1 36 2 236 2 50 186 96