I. Perform a vertical analysis of the comparative Corporation, which mak sales. (Round percakes i od labels State each item for both years as a percent of Round percentage to one decimal place) cal analysis of the comparative income statement of Kimball KIMBALL CORPORATION Comparative Income Statement Years Ended December 31, 2017 and 2016 2016 2017 Net sales $275,000 $225,000 Expense: Cost of goods sold $194,000 $165,000 Engineering, selling and administrative expenses 48,000 54,000 5,000 3,000 Interest expense Income tax expense Other expense (income) 5,000 9,000 1,000 (1,000) Total expense 263,000 220,000 Net income $12,000 $5,000 KIMBALL CORPORATION Vertical Analysis of Comparative Income Statement Years Ended December 31, 2017 and 2016 2017 2016 Amount Percent Amount Percent $275,000 Net sales S225,000 Expenses: Cost of Goods Sold Engineering, selling and administrative expenses Interest expense Income tax expense Other expense (income) Total expense Net income