Condensed data from the income statement for Munchies Corporation follow: (a) Using vertical analysis, calculate the percentage of the base amount for each year. (Round answers to 1 decimal place, eg, 15.2%.) MUNCHIES CORPORATION Vertical Analysis of Income Statement 2018 2017 Amount $800,000 547,000 253,000 156,000 97,000 16,000 $81,000 Percent Amount 96 $605,000 % 371,000 % 234,000 % 124,000 % 110,000 18,000 % $92,000 Percent Net sales Cost of goods sold Gross profit Operating expenses Income before income tax Income tax expense Net income