Comparative income statement data for Oriole Inc. and Cheyenne Ltd., two competitors, are shown below for the year ended December 31, 2021.

		Oriole		Cheyenne
Net sales		$2,170,000		$540,000
Cost of goods sold		1,226,050		342,360
Gross profit		943,950		197,640
Operating expenses		564,200		86,400
Profit from operations		379,750		111,240
Interest expense		6,080		1,252
Profit before income tax		373,670		109,988
Income tax expense		112,101		27,497
Profit		$261,569		$82,491

Additional information:
Average total assets		$977,000		$333,563
Average total shareholders equity		796,000		257,808

(a)

Using vertical analysis, calculate the percentage of the base amount of the income statement for each company. (Round answers to 1 decimal place, e.g. 12.5%.)

ORIOLE AND CHEYENNE COMPANIES Income Statements December 31, 2021Month Ended December 31, 2021Year Ended December 31, 2021
		Oriole			Cheyenne
		Percent			Percent
Net sales			%			%
Cost of goods sold			%			%
Gross profit			%			%
Operating expenses			%			%
Profit from operations			%			%
Interest expense			%			%
Profit before income tax			%			%
Income tax expense			%			%
Profit			%			%