Please show working and explain how you got the remaining percentages. Thanks!

Vertical analysis of income statement For 2012, TH-Comic Company initiated a sales promotion campaign that included the expenditure of an additional $50,000 for advertising. At the end of the year, Lum Neer, the present to presented with Following condensed comparative Income statement: Tri-Comic Company Comparative Income Statement For the Years Ended December 31, 2012 and 2041 2012 2011 Sales $1,500,000 $ 1,250,000 Cost of goods sold (510,000) (475.000) Gross pront $ 990,000 $775,000 Selling expenses $ 270,000) $ (200,000) Administrative expenses (180,000) (156,250) Total operating expenses 5(450,000) 5 (356,250) Operating income $540,000 $ 418,750 Other revenue 60,000 50,000 Income before income tax expense $ 600.000 $ 468,750 Income tax expense (450,000) (375,000) Net income $ 150.000 $93.750 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 percentages te ene decimal place. For those bonus in which you must enter suttraded or negative numbers & minus ign Tri-Comic Company Comparative Income Statement For the Year Ended December 31, 2012 and 2041 2012 2012 Amount Percent Amount Sales 100 L. SIA 2011 2011 Percent 100 Greck My Work Previous Next 1. Prepare a comparative income statement for the two-year period, presenting an analysis of each kem in relationship to sales for each of the years. Round percentages to one omal place for the best which you must enter subtracted or negative numbers use a minus sign Tri-Comic Company Comparative Income Statement For the Years Ended December 31, 2012 and 2041 2012 2012 2011 2011 Amount Percent Amount Percent 1.500.000 100 1.250,00 100 % Cost of goods sold -$10,000 -475,000 >> Gross pront 990.000 795.000 -270.000 RI -200.00 Selling expenses Administrative expenses -11,000 -156,250 450.00 344.250 Total operating expenses Operating Income 540.000 FI 41,950 50.000 > 9 Other revenue 96 600.000 Income before income tax expense 466.750 -490,000 -14.00 Income tax expense 150.00 15 Net Income Previous Next Cred My Work INC