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Required: 1. Complete the % columns to be used in a vertical analysis of Game-On Sports' two operating segments. Express each amount as a
Required: 1. Complete the "%" columns to be used in a vertical analysis of Game-On Sports' two operating segments. Express each amount as a percentage of sales. (Round your percentage answers to 1 decimal place.) GAME-ON SPORTS Income Statement For the Year Ended December 31, 2021 Athletic Equipment Accessories Amount Amount % Net sales $ 2,850,000 100.0 $3,300,000 100.0 Cost of goods sold 1,270,000 1,630,000 Gross profit 1,580,000 1,670,000 Operating expenses 670,000 720,000 Operating income 910,000 950,000 Other income (expense) 76,000 (11,000) Income before lax 986,000 939,000 Income tax expense 227,000 202,000 Net income $ 759,000 $ 737,000
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