CALCULATOR FULL SCREEN PRINTER VERSION -BACK Prepare a vertical analysis of the income statement for Cookie & Coffee Creations Inc. for 2018 and 2017, (Round percentages to 2 decimal places eg any answer field blank. Enter 0 for amounts.) 12.25%. Do not lea COOKIE &COFFEE CREATIONS INC Income Statement Year Ended October 31 018 17 Vertical Analysis Sales $485,625 4S96 $462,500 % 208,125 % 254,375 45% Cost of goods sold 22,694 Gross profit 262,931 Operating expenses Salaries and wages expense Deprediation expense Other operating expenses 147,979 17,600 48,186 % 146,350 % 9,100 % 42,925 213,765 % 198,375 % 56,000 Total operating expenses Income from operations 49,166 other expenses Interest expense 413 AM ere to search Ei Gross profit 262,931 % 254,375 Operating expenses Salaries and wages expense Depreciation expense Other operating expenses 147,979 17,600 48,186 213,765 49,166 % 146,350 % 9,100 % 42,925 % 198,375 1% 56,000 Total operating expenses Income from operations Other expenses 413 2,500 2,913 46,253 9,251 $37,002 Interest expense 0 Loss on disposal of plant assets Total other expenses Income before income tax Income tax expense Net income % 56,000 % 14,000 96 $42,000 e to search