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please show all work! thank you:)) PR 14-2B Vertical analysis of income statement For 2016, Fielder Industries income statement expenditure of an additional $40,000 for

please show all work!
thank you:))
image text in transcribed
PR 14-2B Vertical analysis of income statement For 2016, Fielder Industries income statement expenditure of an additional $40,000 for advertising. At the end of the that included the the president, is presented with the following condensing. At the end of the year, Leif Grando, Fielder industries inc. Instructions 1. Prepare a comparative income statement for the two-year period, presenting an analysis of each item in relationship to sales for each of the years. Round to one decimal place. 2. To the extent the data permit, comment on the significant relationships revealed by the vertical analysis prepared in (1)

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