Prepare a vertical analysis of an income statements for 2019 and 2018. (Percentages may not add exactly due to rounding Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).) FANNING COMPANY Vertical Analysis of Income Statements 2019 2018 Percentage of Sales Percentage of Sales Amount Amount Revenues 96.37 x 3.63 100.00 Sales (net) 97.06 x% 230,700 8,700 239,400 211,100 6,400 217,500 2.94 100.00 Other revenues Total revenues Expenses Cost of goods sold Selling, general, and administrative Interest expense Income tax expense 118,000 54,400 7,100 22,200 201,700 $37,700 49.29 22.72 2.97 9.27 84.25 102,700 49,200 6,300 21,200 179,400 15.7 % $38,100 47.22 22.62 expense 2.90 9.75 Total expenses 82.48 Net income 17.52 x%