The most recent annual income statement for Vertigo Enterprises is presented below. Prepare a vertical analysis of the statement. (Round percentages to 0 decimal places, e.g. 15. Do not enter a percentage sign in your answer.)

Vertigo Enterprises Income statement
Income		$649,000
Expenses
Cost of sales (COS)		285,000
Advertising expense		64,200
Insurance expense		34,500
Rent expense		50,500
Utilities expense		3,530
Depreciation		25,100
Wages and salaries		124,000
Interest expense		9,100
Total expenses (including COS)		595,930
Profit		$53,070

VERTIGO ENTERPRISES Income statement
		$		% relative to income
Total income		649,000
Cost of sales		285,000
Gross profit
Expenses
Advertising expense		64,200
Insurance expense		34,500
Rent expense		50,500
Utilities expense		3,530
Depreciation		25,100
Wages and salaries		124,000
Interest expense		9,100
Total expenses
Profit

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