Vertical Analysis Income statement information for Ivanoff Corporation follows: Sales Cost of goods sold Gross profit $378,000 136,080 241,920 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 $378,000 % Cost of goods sold 136,080 Gross profit 3241.920