Return to Blackboard Kimmel, Financial Accounting, 8e Help I me: 02:36 PM/Remaining: 58 min, ESOURCES Question 1 Here are the comparative income statements of Sheffield Corp.. SHEFFIELD CORP ts by Study Income Statement For the Years Ended December 31 2017 2016 Net sales Cost of goods sold Gross Profit Operating expenses Net income $632,300 456,600 175,700 74,100 101,600 $544,800 415,500 129,300 44,500 $ 84,800 al analysis of the income statement data for Sheffield Corp, using 2016 as a base. ( amount and p 20% or (55,000), (20% ). Round percentages to 1 decimal place, eg. 12.1%.) SHEFFIELD COR Income Statement Net sales Cost of goods sold 456,600 Gross Profit Operating expenses 74,100 Net income $101,600 $632,300 $544,800 415,500 175,700 129,300 44,500 $84,800s Prepare a vertical analysis of the income statement data for Sheffield Corp. for both years. (Round percentages to i declm SHEFFIELD CORP esc 2 3 4 5 6