Vertical Anatysis of Income Statement Revenue and expense data for Innowation Quater Inci: for two recent years are as follows: a. Prepare an income statement in comparative form, stating each item for both years as a percent of sales, if required, round percentages to one decimal place. Enter Sil smounts as positive numbers. a. Prepare an income statement in compurative form, stating each item for both years as a percent of sales. If required, round percentages to one decimal place, Enter all ameunts as positive numbers. b. The vertical analysis incicates that the cost of goods sold as a percent of salei by 5 percentage points, while seling expenses by 2 percentage points, and administrative berpenses by 1 percentage points. Thus, net income as a percent of sales by 3 percentage points