Selected data (in thousands) from the income statement of Pharoah Inc. are shown below. Net sales $1,800 Cost of goods sold 1,500 Gross profit 300 Operating expenses 203 Pront before income tax 97 Income tax expense 29 Profit $68 ves 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%.)