Use the following information for questions 61-62: Moon Beam, Inc. has the following income statement (in millions): MOON BEAM, INC. Income Statement For the Year Ended December 31, 2008 Net Sales 5180 Cost of Goods Sold 120 Gross Profit 60 Operating Expenses 33 Net Income 5 27 61. Using vertical analysis, what percentage is assigned to Cost of Goods Sold? a. 67% b. 33% C. 100% None of the above