W online X 21WN-AC163-02 - Prix Chagg Study Pack Order x n/takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator=&inprogress=false eBook Vertical Analysis of Income Statement Revenue and expense data for Tribal Technologies Co. are as follows: 20Y8 2017 Sales $450,000 $362,500 Cost of goods sold 279,000 217,500 58,500 58,000 Selling expenses Administrative expenses 31,500 32,625 Income tax expense 38,250 29,000 a. Prepare an income statement in comparative form, stating each item for both 2048 and 2017 as a percent of sales. Rour one decimal place. Tribal Technologies Co. Comparative Income Statement For the Years Ended December 31, 2048 and 2017 2048 Amount 2018 Percent 2017 Amount 2017 Percent 90 % 90 % 190 Fit