Corporation, Inc. has the following income statement (in millions) (2pts.): A1 CORPORATION, INC. Income Statement For the Year Ended December 31, 2026 Net Sales Cost of Goods Sold Gross Profit Operating Expenses Net Income a. Using vertical analysis, what percentage is assigned to cost of goods sold? 60 % b. Using vertical analysis, what percentage is assigned to net income? 10 % $250 150 90 90 65 $25