Operating data for Truman, Inc. is presented below.
					2017	2016
			Net sales		$775,000	$625,000
			Cost of goods sold		460,000	385,000
			Selling expenses		103,000	64,000
			Administrative expenses		58,000	52,000
			Income tax expense		36,000	27,000
		Instructions
		Prepare a schedule showing a vertical analysis for 2017 and 2016.
NAVARRO CORPORATION
Condensed Income Statements
For the Years Ended December 31
				2017		2016
				Amount	Percent	Amount	Percent
	Net Sales			775,000	100%	625,000	100%
	Cost of goods sold			460,000	59%	385,000	62%
	Gross Profit			?	?	?	?
	Selling expenses			103,000	13%	64,000	10%
	Administrative expenses			58,000	7%	52,000	8%
	Total operating expenses			?	?	?	?
	Income before income taxes			?	?	?	?
	Income tax expense			?	?	?	?
	Net income			?	?	?	?

Financial information for Truman, Inc. is presented below.
		December 31, 2017	December 31, 2016
	Current assets	$150,000	$125,000
	Plant assets (net)	387,000	329,000
	Current liabilities	94,000	72,000
	Long-term liabilities	136,000	97,000
	Common Stock, $1 par	163,000	118,000
	Retained earnings	144,000	167,000
Instructions
Prepare a schedule showing a horizontal analysis for 2017 using 2016 as the base year.
	Truman, Inc.
	Condensed Balance Sheets
	December 31
					Increase or (Decrease)
		2017	2016		Amount	Percentage
	Assets
	Current assets	150,000	125,000		25,000	?
	Plant assets (net)	387,000	329,000		58,000	?
	Total assets	$537,000	$454,000		83,000	?
	Liabilities
	Current liabilities	94,000	72,000		22,000	?
	Long-term liabilities	136,000	97,000		39,000	?
	Total liabilities	$230,000	$169,000		61,000	?
	Stockholders' Equity
	Common stock, $1 par	163,000	118,000		45,000	?
	Retained earnings	144,000	167,000		-23,000	?
	Total stockholders' equity	$307,000	$285,000		22,000	?
	Total liabilities and stockholders' equity	$537,000	$454,000		83,000	?