The income statements for Company A for Year 2 and Year 1 are presented below. Required: Prepare a vertical analysis of the data for Year 2 and Year 1. (Round your percentage answers to 1 decimal place.) 3:30 COMPANY A Income Statement For the Years Ended December 31 Year 2 Amount $ 18,900,000 $ 13,154,400 5,745,600 1,625,400 1,020,600 226,800 1,530,900 1,341,900 472,500 869,400 $ Year 1 Amount 15,600,000 7,066,800 8,533,200 1,216,800 1,029,600 Net sales Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write-down Loss (litigation) Income before tax Income tax expense Net income 312,000 5,974,800 2,028,000 3,946,800