Prepare a vertical analysis of the income statement data for Novak Corp. for both years. (Round percentages to 1 decimal place, e.g. 12.1%.) NOVAK CORP. Condensed Income Statements x For the Month Ended December 31 2020 2019 Percent $ Percent Net sales $564,000 100 % $470,000 100 % X Cost of goods sold 447,252 407,960 % 79.3 % X Gross Profit 116,748 20.71 % 62,040 % X Operating expenses 79,524 14.1 % 43,710 % Net income $ 37,224 6.6% $ 18,330 % Click if you would like to Show Work for this question: Open Show Work