Current Attempt in Progress Comparative data from the income statement of Oriole Corporation are shown below. 2024 2023 Net sales $831,000 $591,000 Cost of goods sold 556,770 378,240 Gross profit 274,230 212,760 Operating expenses 149,580 101,280 Profit before income tax 124,650 111,480 Income tax expense 31,163 27,870 Profit for the year $93,487 $83,610 Prepare a vertical analysis for Oriole Corporation. (Round percentage answers to 1 decimal place, e.g. 52.7%.) ORIOLE CORPORATION Sales Income Statement 2024 Amount Percent $831,000 2023 Amount Percent % $591,000 % 378,240 % % 274,230 % 212,760 % Cost of goods sold 556,770 Gross profit Operating expenses 149,580 % 101,280 % Profit before income tax 124,650 % 111,480 % Income tax expense 31,163 % 27,870 % Profit for the year $93,487 % $83,610 % Save for Later Attempts: 0 of 15 used Submit Answer