Required Prepare a vertical analysis of both the balance sheets and income statements for 2019 and 2018. 2018 2019 Percentage of Sales Amount Amount Percentage of Sales Revenues Sales (net) $ 230,500 96.17 X % 97.37 X % $ 210,900 5,700 Other revenues 9,200 3.84 X 2.63 x Total revenues 239,700 100.00 X 216,600 100.00 X 119,100 49.69 X 101,300 46.77 X 53,000 22.11 X 49,200 22.71 Expenses Cost of goods sold Selling, general, and administrative expense Interest expense Income tax expense Total expenses Net income 7,300 3.05 X 3.00 X 8.84 X 9.33 X 21,200 200,600 $ 39,100 6,500 20,200 177,200 $ 39,400 83.69 81.81 X 18.19 X % 16.31 x % MUNOZ COMPANY Vertical Analysis of Balance Sheets 2019 Percentage of Total 2018 Percentage of Total Amount Amount 2.81 % 2.58 % Eurities 3.46 1.28 Evable (net) 9.58 9.05 $ 16,400 20,200 55,900 136,200 25,600 254,300 27,100 23.35 $ 13,500 6,700 47,300 144,300 10,000 221,800 20,300 27.62 4.39 1.91 Et assets 43.59 42.45 4.65 3.89 46.46 48.86 5.30 4.80 rm assets 271,100 30,900 329,100 $ 583,400 56.41 255,300 25,100 300,700 $ 522,500 57.55 100.00 100.00 2.74 $ 5,400 1.03 ble 19.20 99,700 19.08 $ 16,000 112,000 19,300 147,300 le 3.31 2.58 13,500 118,600 I liabilities 25.25 22.70 cies = 17.12 99,900 19.12 5.47 4.86 99,900 31,900 131,800 279,100 rent liabilities 22.59 25,400 125,300 243,900 23.98 es 47.84 46.68 10.63 11.87 uity