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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 Expenses 950 Administrative Expenses 670 Total Operating Expenses 1, 620 Operating Income 1, 580 Other Revenues and (Expenses) Interest Revenue 0 Interest Expense (750) Total Revenues and (Expenses) (750) Income Before Income Taxes 830 Income Tax Expense 150 Net Income $680

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