Question 2 here are the comparative income statements of Culiver Corporation. CULVER CORPORATION Comparative Income Statements For the Years Ended December 31 2017 2016 Net sales Cost of goods sold447,800 Gross Profit Operating expenses 76,500 Net income $632,600 $548,500 405,900 184,800 142,600 42,900 $108,300 99,700 Prepare a vertical analysis of the income statement data for Culver Corporation for both years. (Round percentages to 1 decimal place, e.g. 12.1%.) CULVER CORPORATION Condensed Income Statements 2017 2016 Percent Percent Net sales Cost of goods sold Gross Profit Operating expenses $632,600 447,800 184,800 76,500 108,300 % $548,500 % 405,900 96 142,600 % 42,900 % $99,700 Net income