Here are the comparative income statements of Delaney Corporation. Delaney Corporation Comparative Income Statements For the Years Ended December 31 2020 Net sales $667,000 2019 $554,000 Cost of goods 526,263 457,604 sold Gross profit 140,737 96,396 Operating expenses 93,380 52,076 Net income $47,357 $44,320 (a) Prepare a vertical analysis of the income statement data for Delaney Corporation for both years. (Round percentages to 1 de place, e.g. 12.3%.) DELANEY CORPORATION Condensed Income Statements For the Years Ended December 31 2020 2019 Amount Percent Amount Percent Net sales $667,000 100 % $554,000 100 % Cost of goods sold 526,263 % 457,604 % Gross profit 140,737 % 96,396 % Operating expenses 93,380 % 52,076 % Net income $ 47,357 | % $ 44,320 %