Assume the average cost of computer equipment fell 35.0 percent between 2016 and 2017. Let's see whether these changes are reflected in the income statement of Computer Tycoon Inc. for the year ended December 31, 2017 2017 $78,600 41,000 2016 Sales Revenues Cost of Goods Sold $117,250 58,000 Gross Profit Selling, General, and Administrative Expenses Interest Expense 37,600 32,100 59,250 32,100 400 563 4,937 2,931 26,750 4,426 Income Before Income Tax Expense Income Tax Expense $ 2,006 22,324 Net Income 2-a. Conduct a vertical analysis by expressing each line as a percentage of total revenues. (Round your answers to 1 decimal place. Input all amounts as positive values.) COMPUTER TYCOON, INC Vertical Analysis of Income Statements For the Years Ended December 31 2017 2016 $78,600 41,000 37,600 32,100 563 4,937 2,931 $2,006 % $ 117,250 58,000 59,250 32,100 400 26,750 4,426 % $ 22,324 Sales revenues Costs of goods sold Gross profit Selling, General, and Administrative expenses Interest expense Income before income tax expense Income tax expense Net income 2-b. Excluding income tax, interest, and selling, general, and administrative expenses, did Computer Tycoon earn more profit per dollar of sales in 2017 compared to 2016? No Yes