4. Using the same data of the problem number 5, prepare a schedule showing a vertical analysis for the year 2010 Accounts Titles Comparative Income Statement For the years ended December 31, 2010 and 2009 Particulars 2010 ($) 2009 (8) Sales $ 1,530,500 $1,234,000 Sales Returns and Allowances $ 32,500 $ 34,000 Net Sales $ 1,498,000 $1,200,000 Cost of good sold $ 1,043,000 $ 820,000 Gross Profit $ 455,000 $ 380,000 Selling Expenses $ 191,000 $ 147,000 Administrative Expenses $ 104,000 $ 97,400 Total Operating Expenses $ 295,000 $ 244,400 Income from Operations $ 160,000 $ 135,600 Other Income $ 8,500 $ 11,000 $ 168,500 $ 146,600 Other Expenses Interest) $ 6,000 $ 12,000 Income before Income Taxes $ 162,500 $ 134,600 Income Tax Expense $ 71,500 $ 58,100 Net Income $ 91,000 $ 76,500 Increase or (Decrease) Amount Percent (%) $ 296,500 24.03% $ (1,500) -4.41% $ 298,000 24.83% $ 223,000 27.20% $ 75,000 19.74% $ 44,000 29.93% $ 6,600 6.78% $ 50,600 20.70% $ 24,400 17.99% $ (2,500) -22.73% $ 21,900 14.94% $ (6,000) -50.00% $ 27,900 20.73% $ 13,400 23.06% $ 14,500 18.95%