Complete the following vertical analyses of Hummingbird Corporation's income statement. What line item is the largest percent of sales in 2023? How has it changed from 2022 to 2023? (Click the icon to view the income statements.) Begin by completing the following vertical analyses of Hummingbird Corporation's income statement. (Round percentages to the nearest tenth of a percent, XX%.) As a percent of sales (in millions) Sales 2023 2022 2023 2022 $ 64,000 $ 67,000 % % Cost of Goods Sold 33,792 34,170 % Gross Profit 30,208 32,830 % Selling, General, and Administrative Expenses 16,384 17,956 % % Research and Development Expense 7,488 8,040 Interest Expense 320 670 % Earnings Before Provision for Taxes 6,016 6,164 % Provision for Taxes 2,688 3,484 % % $ 3,328 $ 2,680 Net Income % Income statements (in millions) 2023 2022 Sales $ Cost of Goods Sold 64,000 $ 67,000 33,792 34,170 Gross Profit 30,208 32,830 Selling, General, and Administrative Expenses Research and Development Expense 16,384 17,956 7,488 8,040 320 670 Interest Expense What line item is the largest percent of sales in 2023? How has it changed from 2022 to 2023? Earnings before Provision for Taxes 6,016 6,164 In 2023, the is the largest line item as a percent of sales. From 2022 to 2023, this line item 2,688 3,484 Provision for Taxes 3,328 $ 2,680 Net Income Print Done