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please help, thank you!! The income statements for Company A for Year 2 and Year 1 are presented below. Required: Prepare a vertical analysis of

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The income statements for Company A for Year 2 and Year 1 are presented below. Required: Prepare a vertical analysis of the data for Year 2 and Year 1 (Round your percentage answers to 1 decimal place.) COMPANY A Income Statement For the Years Ended December 31 Year 2 Amount % % 100.0 $ 100.0 Net sales Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write-down Loss (litigation) Income before tax Income tax expense Net income 19,800,000 12,711,600 7,088,400 1,881,000 1,247 400 415,800 1,782,000 1,762,200 673,200 1,089,000 Year 1 Amount 16,500,000 7,623,000 8,877,000 1,435,500 1,237,500 0 231,000 5,973,000 2,293,500 3,679,500 0.0 $ $

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