Homework Week 8 Part 1-A Flounder, Inc. has the following Income Statement (in millions): FLOUNDER, INC. Income Statement For the Year Ended December 31, 2026 Net Sales $205 Cost of Goods Sold 123 Gross Profit Operating Expenses Net Income 82 Part 1-B 55 $27 Using vertical analysis, what percentage is assigned to gross profit? Given the following data for the Pina Company: Current liabilities $360 Long-term debt 500 Common stock 780 Retained earnings 960 Total liabilities & stockholders' equity $2600 Given the above data, how would common stock appear on a common size balance sheet? Part 1-C Novak corporation reported net sales of $654000, $730500, and $791340, in the years 2024,2025 and 2026 respectively. If 2024 is the base year, what percentage of the base is represented by 2026 sales?