Below is Income Statement information for Trent, Inc. Net sales Cost of sales Gross profit Marketing expense Operating overhead expense Interest expense (income), net Other (income) expense, net Income before income taxes Income tax expense Net Income 12 Months Ended May 31, Year 2 May 31, Year 1 $ 39,117 $ 36,397 21,643 20,441 17,474 15,956 3,753 3,577 8,949 7,934 49 54 (78) 66 4,801 4,325 772 2,392 $ 4,029 $ 1,933 What is the vertical analysis on Cost of Sales for Year 1? O 12.27% 10.30% O 44.67% 56.16% Below is Income Statement information for Trent, Inc. Net sales Cost of sales Gross profit Marketing expense Operating overhead expense Interest expense (income), net Other (income) expense, net Income before income taxes Income tax expense Net Income 12 Months Ended May 31, Year 2 May 31, Year 1 $ 39,117 $ 36,397 21,643 20,441 17,474 15,956 3,753 3,577 8,949 7,934 49 54 (78) 66 4,801 4,325 772 2,392 $ 4,029 $ 1,933 What is the vertical analysis on Cost of Sales for Year 1? O 12.27% 10.30% O 44.67% 56.16% Below is Income Statement information for Trent, Inc. Net sales Cost of sales Gross profit Marketing expense Operating overhead expense Interest expense (income), net Other (income) expense, net Income before income taxes Income tax expense Net Income 12 Months Ended May 31, Year 2 May 31, Year 1 $ 39,117 $ 36,397 21,643 20,441 17,474 15,956 3,753 3,577 8,949 7,934 49 54 (78) 66 4,801 4,325 772 2,392 $ 4,029 $ 1,933 What is the vertical analysis on Cost of Sales for Year 1? O 12.27% 10.30% O 44.67% 56.16% Below is Income Statement information for Trent, Inc. Net sales Cost of sales Gross profit Marketing expense Operating overhead expense Interest expense (income), net Other (income) expense, net Income before income taxes Income tax expense Net Income 12 Months Ended May 31, Year 2 May 31, Year 1 $ 39,117 $ 36,397 21,643 20,441 17,474 15,956 3,753 3,577 8,949 7,934 49 54 (78) 66 4,801 4,325 772 2,392 $ 4,029 $ 1,933 What is the vertical analysis on Cost of Sales for Year 1? O 12.27% 10.30% O 44.67% 56.16% Below is Income Statement information for Trent, Inc. Net sales Cost of sales Gross profit Marketing expense Operating overhead expense Interest expense (income), net Other (income) expense, net Income before income taxes Income tax expense Net Income 12 Months Ended May 31, Year 2 May 31, Year 1 $ 39,117 $ 36,397 21,643 20,441 17,474 15,956 3,753 3,577 8,949 7,934 49 54 (78) 66 4,801 4,325 772 2,392 $ 4,029 $ 1,933 What is the vertical analysis on Cost of Sales for Year 1? O 12.27% 10.30% O 44.67% 56.16%