Vertical Analysis Income statement information for Ivanoff Corporation follows: Sales $499,000 169,660 Cost of goods sold Gross profit 329,340 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 > Amount Percentage Sales $499,000 % Cost of goods sold 169,660 % Gross profit $329,340 %