provide a vertical analysis given the following datta

XXX Golf Club Comparative Income Statement For the years ended December 31, 2011 and 2010 Gross sales/receipt Cost of sales & services Gross profit/(loss) from operation Other income Interest income Total Gross profit (loss) General & administrative expenses Profit (loss) before tax Income tax expense Net profit (loss) 2011 53,485,254 32,578,515 2010 51,728,541 36,884,537 Common-size Percentage 2009 2011 2010 49,508,698 100.00 100.00 38,289,509 60.91 71.30 20,906,739 2,060,074 702,599 23,669,412 14,844,004 3,091,790 752,767 18,688,562 11,219,189 1,551,730 1,207,905 13,978,824 39.09 3.85 1.31 44.25 28.70 5.98 1.46 36.13 22.66 3.13 2.44 28.24 25,748,024 -2,078,613 -2,078,613 18,152,206 536,356 536,356 17,969,141 -3,990,317 -3,990,317 48.14 (3.89) 35.09 1.04 36.29 (8.06) (3.89) 1.04 (8.06) 2009 100.00 77.34