i Income statements - X (in millions) 2019 2018 Sales $ 70,000 $ 37,380 65,000 33.800 Cost of Goods Sold Gross Profit 32,620 31,200 16,940 17,290 7.700 8.970 Selling, General, and Administrative Expenses Research and Development Expense Interest Expense Earnings Before Provision for Taxes 490 195 7.490 3,360 4,745 3.900 Provision for Taxes Net Income $ 4.130 $ 845 Print Done Complete the following vertical analyses of Hummingbird Corporation's income statement. What line item is the largest percent of sales in 2019? How has it changed from 2018 to 2019? TE (Click the icon to view the income statements.) Begin by completing the following vertical analyses of Hummingbird Corporation's income statement. (Round percentages to the nearest tonth of a percent, XX%) As a percent of sales (in millions) 2019 2018 2019 2018 Sales $ 70,000 $ 65,000 % % Cost of Goods Sold 37,380 33,800 % Gross Pro 32 620 31200 % Selling. General, and Administrative Expenses 16.940 17.290 % Research and Development Expense 7,700 8.970 490 195 Interest Expenso 4745 7.490 Earnings Before Provision for Taxes 2 Enter any number in the edit Delds and then click Check Answer Clear All 1 part remaining (in millions) Sales 2019 2018 2019 2018 $ 70,000 $ 65,000 37,380 33,800 % Cost of Goods Sold Gross Profit % % % % 32,620 16,940 7,700 % Selling, General, and Administrative Expenses Research and Development Expense Interest Expense Earnings Before Provision for Taxes 31,200 17,290 8,970 195 % % % 490 % 9 % 7.490 3,360 % Provision for Taxes 4.745 3.900 % $ Net Income 4.130 S 845 se de % Enter any number in the edit fields and then click Check