A condensed income statement for Interactive Arts and a partially completed vertical analysis follow.

Required:

1. Complete the vertical analysis by computing each missing line item as a percentage of net revenues. TIP: In the prior year (2015), Cost of Goods Sold was 31 percent of Net Revenues, computed as ($1,421 $4,517). (If the percentage is a loss, enter the amount with a negative sign in front of it. Round your answers to the nearest whole percent.)

$ INTERACTIVE ARTS Income Statement (summarized) For the Year Ended March 31 (in millions of U.S. dollars) 2016 Net Revenues $ 4,359 100% Cost of Goods Sold 1,344 Research and Development Expense 1,114 Sales and Marketing Expense 792 General and Administrative Expense 430 10 Income from Operations 16 Other Expenses 170 Income before Income Tax 662 15 Income Tax Recovery (Expense) 287 7 Net Income % 2015 4,517 1,421 1,104 660 386 946 679 916 (50) 866 $ 949 $ 19%