Prepare a vertical analysis of the income statement datafor Bramble Corporation for bothyears. (Round percentages to 1 decimal place, e.g.12.3%.)
BRAMBLE CORPORATIONCondensed Income Statementschoose the accounting period For the Months Ended December31December 31For the Years Ended December 31
2022
2021
Amount
Percent
Amount
Percent
Net sales
$667,000
enter percentages %
$554,000
enter percentages %
Cost of goods sold
526,263
enter percentages %
457,604
enter percentages %
Gross profit
140,737
enter percentages %
96,396
enter percentages %
Operating expenses
93,380
enter percentages %
52,076
enter percentages %
Net income
$ 47,357
enter percentages %
$ 44,320
enter percentages %
Prepare a vertical analysis of the income statement data for Bramble Corporation for both years. (Round percentages to 1
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