Exercise 14-2 Condensed data from the income statement for Benton Corporation follow: (a) Using vertical analysis, calculate the percentage of the base amount for each year. (Round answers to 1 decimal place, eg, 15.2%.) BENTON CORPORATION Vertical Analysis of Income Statement 2018 2017 Amount $801,000 554,000 247,000 157,000 90,000 15,000 $75,000 Percent Amount % $604,000 % 373,000 % 231,000 % 126,000 % 105,000 20,000 96 $85,000 Percent Net sales Cost of goods sold Gross profit Operating expenses Income before income tax Income tax expense Net income