Selected data (in thousands) from the income statement of JTI Inc. are shown below. Net sales $1,934 Cost of goods sold 1,612 Gross profit 322 Operating expenses 218 Profit before income tax 104 Income tax expense 31 Profit $73 Perform a vertical analysis and calculate the percentage of the base amount for the current year. (Round percentage answers to 1 decimal place, e.g. 52.7%.) Income Statement Amount Percent Net sales $ % Cost of goods sold % Gross profit % Operating expenses % Profit before income tax % Income tax expense % Profit $ %