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The following is summary of information presented on the financial statements of a company on December 31, 2018 Account 2018 % Net Sales Revenue $778,000

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The following is summary of information presented on the financial statements of a company on December 31, 2018 Account 2018 % Net Sales Revenue $778,000 Cost of Goods Sold 524,372 Gross Profit $253,628 159,490 $94,138 Operating Expenses Income Before Income Tax Expense Income Tax Expense Net Income 6,224 $87,914 Perform a vertical analysis of the 2018 income statement

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