2 M13-2 Calculations for Vertical Analyses [LO 13-3 Using the following income statements, perform the calculations needed for vertical analyses. (Round percentage values to 1 decimal place.) 2.4 points Income Statements For the Years Ended December 31 Net Sales Cost of Goods Sold Geoss Prot Seling General, and Administrative Expenses Income from Operations $ 150.000 78.000 2,000 12,000 60,000 60,000 Print 5,000 38,500 5.250 33.250 References ncome before Income Tax Income Tax Expense Net Income 56,000 16,800 s 39,200 3,275