Directions in pic 3.

b. Rosson Company Vertical Analysis of Income Statements 2019 2018 Amount | % of Total | Amount | % of Total Revenues: Net Sales Other Revenues $299,000 8,000 307,000 $246,000 9,000 255,000 Total Revenues Expenses: Cost of Goods Sold S,G&A Expenses Interest Expense Income Tax Expense 172,000 44,000 4,000 31,000 138,000 40,000 4,500 25,400 Total Expenses Income Before XIO Items 251,000207,900 47,100 Extraordinary Gain (net of tax) Net Income 56,000 9,000 $ 65,000 $47,100 b. Rosson Company Vertical Analysis of Income Statements 2019 2018 Amount | % of Total | Amount | % of Total Revenues: Net Sales Other Revenues $299,000 8,000 307,000 $246,000 9,000 255,000 Total Revenues Expenses: Cost of Goods Sold S,G&A Expenses Interest Expense Income Tax Expense 172,000 44,000 4,000 31,000 138,000 40,000 4,500 25,400 Total Expenses Income Before XIO Items 251,000207,900 47,100 Extraordinary Gain (net of tax) Net Income 56,000 9,000 $ 65,000 $47,100