vertical Analysis Income statement information for Ivanoff Corporation follows: Sales Cost of goods sold $195,000 68,250 Gross profit 126,750 Prepare a vertical analysis of the income statement for Ivanoff Corporation. If required, round percentage answers to the nearest whole number, Ivanoff Corporation Vertical Analysis of the Income Statement Sales Amount turcentage $195,000 68,250 Costogoods sold Gross profit $126,750