Analysis Bal Sheet Analysis Inc Stmt Prepare a vertical analysis of an income statements for Year 4 and Year 3. (Percentages may not add exactly due to rounding Round your answers to 2 decimal places. (le, .2345 should be entered as 23.45).) ALLENDALE COMPANY Vertical Analysis of Income Statements Year 4 Year 3 Amount % Total Amount % Total 100.00% $ 230,000 8,000 100.00% 3.48 103.48 $ 210,000 5,000 215,000 238,000 Revenues Sales (net) Other revenues Total revenues Expenses Cost of goods sold Selling, general, and administrative expense Interest expense Income tax expense Total expenses Net income 120,000 55,000 8,000 23,000 206,000 $ 32,000 52.17 23.91 3.48 10.00 89.57 13.91% 103,000 50,000 7.200 22,000 182,200 $ 32,800 %