Prepare a vertical analysis of income statement and balance sheet

Klein Department Stores, Inc Income Statement Year Ended December 31, 2018 Klein Department Stores, Inc. Income Statement Compared with Industry Average Year Ended December 31, 2018 Klein Department Stores, Inc. Balance Sheet Compared with Industry Average December 31, 2018 Industry Industry Average Current Assets Amount Percent of Total Klein Average Klein $ 339,000 130,000 7,000 24,000 $500,000 70.9 % 23.6 0.8 4.7 100.0 % Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Operating Income Other Expenses Net Income $ 778,000 524,372 253,628 59,490 94,138 6,224 $ 87,914 100.0 % Property, Plant, and Equipment, Net Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Operating Income $ 778,000 524,372 253,628 159,490 94,138 6,224 $ 87,914 65.8 Intangible Assets, Net 34.2 19.7 14.5 Current Liabilities 0.4 Long-term Liabilities Other Assets Total Assets $232,000 111,000 343,000 157,000 48.1 % 16.6 64.7 35.3 % Other Expenses Total Liabilities 14.1 % % Net Income Stockholders' Equity