Solve fully

1. The comparative income statement for Malone Manufacturing is shown below: MALONE MANUFACTURING Comparative Income Statement For Years Ended December 31, 2016-2018 (in 000's) Sales Cost of goods sold Gross profit Operating expenses Operating income 2018 $490 285 $205 110 $ 95 2017 $360 200 $160 100 $ 60 2016 $300 185 $115 80 $ 35 Perform a vertical analysis for all income statement amounts shown. (Put the percentage values beside the dollar figures.) Has corporate performance been improving/deteriorating/staying basically the same? (4 marks)