H10 A B C D E F G H 1 Listed below are the comparative income statement for Kelso Corporation for 2019 and 2018 2019 2018 5 6 Net Sales S 800,400 742,600 7 Cost of Goods Sold 448,224 393,578 8 Gross Profit 352,176 349,022 268,134 219,067 84,042 129,955 9 Selling and Admin Expenses 10 Net Income before Interest and 11 Interest Expense 12 Net Income Before Tax 24.012 22,278 60,030 107,677 13 Income Tax Expense 16,008 37,130 14 Net Income $ 44,022 $ 70,547 15 16 1. Prepare a vertical analysis for each year with Net Sales as the 100% figure. 17 18 2. Comment on any significant findings. 19 20 21 22 23 24 25 26 Ratio Vertical Sheet3 +