Prepare a vertical analysis of the income statement data for Skysong Corporation in columnar form for both years. (Round percentages to 1 decimal place, e.g. 12.1%.) Net sales Amount $632,400 SKYSONG CORPORATION Condensed Income Statements For the Years Ended December 31 2020 2019 Percentage Amount Percentage % $510,000 % Cost of goods sold 456,960 do % 408,000 de % Gross profit 175,440 do % 102,000 % Operating expenses 57,800 % 42,500 % Net income $117,640 % $59,500 % Save for Later Attempts: 0 of 1 used Submit Answer