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Prepare a vertical analysis of the income statement shown below. (Round to two decimal places.) Trucker, Inc. Income Statement For the Year Ended December 31,

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Prepare a vertical analysis of the income statement shown below. (Round to two decimal places.) Trucker, Inc. Income Statement For the Year Ended December 31, 2017 Net Sales $7,000 Cost of Goods Sold 3,800 Gross Profit 3,200 Operating Expenses Selling Expenas 950 Administrative Expenses 670 Total Operating Expenses Operating Income 1,580 Other Revenues and (Expens): Interest Revenue Interest Expens (750) Total Revenues and (Expenses) Income Before Income Taxes Income Tax Expense Net Income $680 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)

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