Perform a Common-Size (Vertical) Analysis of the Income Statement in the yellow-shaded cells. Sample formulas are provided to get you started.

MACY'S INC. 10-K Feb. 1, 2020 Vertical Analysis Consolidated Statements of Income 2018 $24.971 100% 3.12. 768 2019 $24,560 771 (15,171) 10,160 (8,998) (15,215) 10,524 (9,039) 389 (136) 1,738 2017 $24,939 702 (15,181) 10,460 (8,954) 544 (186) 1,864 162 (354) 970 millions oncepiper share datal Net sales Credit card revenues, net Cost of sales Gross margin Selling, general and administrative expenses Gains on sale of real estate Restructuring, impairment, store closing and other costs Operating income Benefit plan income, net Settlement charges Interest expense Gains (losses) on early retirement of debt Interest income Income before income taxes Federal, state and local income tax benefit (expense) Net income Net loss attributable to noncontrolling interest Net income attributable to Macy's, Inc. shareholders 31 57 (88) (261) (105) (321) (33) (58) (205) (30) 20 728 (164) 564 25 1,420 (322) 1,098 10 $1,108 11 1,516 39 1,555 $564 $1,566 $1.82 $3.60 $5.13 Basic earnings per share attributable to Macy's, Inc. shareholders Diluted earnings per share attributable to Macy's, Inc. shareholders $1.81 $3.56 $5.10