Current Attempt in Progress Condensed data from the statement of income for Fleetwood Corporation follow: (a) Using vertical analysis, calculate the percentage of the base amount for each year. (Round answers to 1 decimal place, e.g. 15.2%.) FLEETWOOD CORPORATION Vertical Analysis of Statement of Income 2021 2020 Amount Percent Amount Percent Sales $800,000 % $600,000 % Cost of goods sold 550,000 % 375,000 % Gross profit 250,000 % 225,000 % Operating expenses 155,000 % 125,000 % Income before income tax 95,000 % 100,000 % Income tax expense 15,000 % 20,000 % Net income $80,000 % $80,000 % e Textbook and Media