Vertical Analysis of the Income Statement Jim's Auto Body Angels Auto Body Income Statement Income Statement As of April 30, 2016 As of April 30, 2017 Revenues: Revenues: Service Revenue 36.000 Service Revenue 222,000 Total Revenue 36.000 Total Revenue 222,000 Expenses: Expenses: Salary Expense 4,700 Salary Expense 55,000 Rent Expense 2,000 Rent Expense 7,500 Utility Expense 900 Utility Expense 12,000 Depreciation Depreciation Expense 200 Expense 3.600 Insurance Expense 250 Insurance Expense 3,500 Supply Expense 510 Supply Expense 5,000 Total Expenses 8,560 Total Expenses 86,600 27,440 135.400