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7. Use the following Comparative Income Statement to prepare the VERTICAL ANALYSIS for two years Be Well Company for 2020 & 2019. Round answers to

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7. Use the following Comparative Income Statement to prepare the VERTICAL ANALYSIS for two years Be Well Company for 2020 & 2019. Round answers to 1 decimal point. 10 Points Percent of Total Be Well Company Comparative Income Statement Years Ended December 31, 2020 and 2019 Percent of 2020 Total 2019 Net Sales Revenue $178,400 $145,000 Expenses: Cost of Goods Sold 98,200 65,200 Selling & Admin Expenses 41,600 32,400 Other Expenses 3,000 4,200 Total Expenses 142,800 101,800 Net Income $35,600 43,200

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