1. Vertical Analysis. Perform at least 4 vertical analysis tests on the financial statements with no errors. - On the slide, name the vertical analysis tests you perform, and show the calculations and results. You must complete a minimum of 4 tests but doing more may help you better understand the condition of the company. Income statement For the Year Ended December 31, 2025 Net sales Cost of goods sold Gross profit on sales Selling expenses Salaries and wages expense (sales) Advertising expense Total selling expenses Administrative expenses Salaries and wages expense (general) Depreciation expense-equipment Property tax expense Rent expense Bad debt expense Telephone and internet expense insurance expense Total administrative expenses Total selling and administrative expenses Incame from operations Other revenues and gains Interest revenue Other expenses and losses interest expense Income before income taxes income tax $400,000316,00084,000 $20,00010,200$30,200 37,260 Net income Uptown Cabinet Corp. Retained Earnings statement For the Year Ended December 31, 2025 Retained earnings, January 1 Add: Net income $16,20012,20028,4002,000$26,400 Less: Dividends Retained earnings, December 31