Complete a vertical analysis of the income statement.

Read the requirement. Years Ended December 31, 2019 and 2018 2019 Percent 2018 Percent % $ 250,000 1,000 251,000 Revenues Net Sales Revenue 300,000 Other Revenues Total Revenues 300,000 Expenses Cost of Goods Sold 214.2001 Engineering, Selling, and Administrative Expenses 54,000 Interest Expense 6,000 Income Tax Expense 9.000 2.700 Other Expenses 285.900 Total Expenses 14.100 Net Income Was 2019 a qood year or a bad vear? Give your reasons. Enter any number in the edit fields and then continue to the next question 170,000 48,000 | 5.000 3.000 226,000 25,000