The Sports Addition reports net sales of $$2$ million, cost of goods sold of $$1$ million, operating expenses of $$500,000,$ and other expenses of $$100,000.$ If you were to perform a vertical analysis of this income statement, you would divide each of these income statement line items by:

Multiple Choice

$$2,000,000.$

$$100,000.$

$$1,000,000.$

$$400,000.$