Vertical analysis of income statement For 20Y2, Fieidor Industries inc. intiated a saies promotion campoign that included the expenditure of an additional $40,006 for advertising. At the end of the year, Leif Grando, the president, is presented with the foliowing condended comperative income statement: 1. Prepare a comparative income statement for the two-yesr perlod, presenting an analysis of each item in relationship to sales for each of the years. Round to one: decimal place. For those boxes in which you must enter subtracted or negative numbers use a minus sign: 2. The net income as a percent of sales has All the costs and expenses. other than seling expenses, haye maintained their approximate cost as 2. The net income as a percent of sales has A. All the costs and expenses, other than seling expsnses. have maintained their opproximate cost as a percent of sales relationship between zor1 and 20rz. Seling expenses as a percent of sales, howevec, have Apparently, the naw advertising campaign ;tbeen succestful, The increased expente fproduced sufficient balei to maintain reiative proficabiaty. Thus, seiling evpenses as n percent of sales hnve