Analysis Analysis Bal Sheet Inc Stmt Prepare a vertical analysis of the balance sheets for Year 4 and Year 3. (Percentages may not add exactly due to rounding. Round your percentage answers to 2 decimal places. (i.e., 0.2345 should be entered as 23.45).) Show less FANNING COMPANY Vertical Analysis of Income Statements Year 4 Year 3 Percentage Percentage Amount Amount of Total of Total Revenues $ $ Sales (net) % % 231,600 210,600 Other revenues 9,100 5,700 Total revenues 240,700 216,300 Expenses Cost of goods sold 118,400 101,800 Selling, general, and administrative expense 53,700 49,900 Interest expense 6,300 5,500 Income tax expense 21,600 20,600 Total expenses 200,000 177,800 $ $ Net income % % 40,700 38,500