Using the following revenue and expense data, prepare a comparative income statement, expressing each item for both 2013 and 2012 as a percentage of net sales (vertical analysis). Round to three decimalplaces.

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Item 2012 650,000 468,145 38,000 26,500 44,340 2013 Net Sales Cost of Goods Sold Selling Expenses General Expenses Income Tax Expense $903,000 501,000 90,500 21,850 48,125