the photo is all one question, however, the answers in the percentage column that another Chegg tutor provided was incorrect except for the columns for the net sales percentages. please provide the correct steps and answer for the remaining rows cost of goods sold, gross profit, operating expenses, and net income. thanks ,

(b) Prepare a vertical analysis of the income statement data for Sunland Corporation for both years. (Round percentages to 1 decimal place, . 12.1%) SUNLAND CORPORATION Condensed Income Statements For the Years Ended December 31 : 2022 Percent 2021 Percent $ 100 % $613,800 $556.000 100 % Net sales 811 %% 437.400 93.1 % 457.400 Cost of goods sold 273 Gross Profit 156,400 % 252 118.600 %6 13 8.9 % 73,400 Operating expenses % 41.900 $ 83,000 Net income 14.7 96 $ 76,700 163 e Textbook and Media Assistance Used