eBook Show Me How Calculator Print Item Vertical Analysis of Comparative Financial Statements A comparative income statement and balance sheet of Miller Electronics Corporation for the last two years are shown. Miller Electronics Corporation Comparative Income Statement For Years Ended December 31, 20-2 and 20-1 20-2 201 $639, 120 396,000 $243,20 $413,620 259.460 $154,160 342 352 441318 Net Sales (all on account) Cost of goods sold Gross profit Administrative expenses Selling expenses Total operating expenses Operating income Interest expense Income before income taxes Income tax expense $86,700 $6200 $62,84 66,470 $129, 311 S1,809 1,292 $112,512 31,091 $81,421 1.204 $66,256 14,110 $52,146 Not income Miller Electronic Corporation Comparative Balance Sheet December 31, 20-2 and 20-1 20-2 20-1 Check My Work O i to search SAMSUNG Print Item Comparative Balance Sheet December 31, 20-2 and 20-1 20-2 20-1 Assets Current assets: Cash $42,999 74,133 90,436 3,800 $211,368 $21,681 47,610 49,770 1,149 $120,210 Receivables (net) Merchandise inventory Supplies and prepayments Total current assets Property, plant, and equipment: Office equipment (net) Factory equipment (net) Total property, plant, and equipment Total assets Liabilities $8,610 $12,268 105,283