prepare an income statement in comparative form,stating each item for both 20Y8 and 20Y7 as a percent

2018 2017 Sales Cost of goods sold $450,000 $362,500 279,000 217,500 58,500 58.000 Selling expenses Administrative expenses 31,500 Income tax expense 32,625 29,000 38,250 a. Prepare an income statement in comparative form, stating each item for both 2048 and 2017 as a percent of sales. Round to one decimal place. Tribal Technologies Co. Comparative Income Statement For the Years Ended December 31, 2018 and 2017 2048 Amount 2018 Percent 2017 Amount 2017 Percent % 96 Gross profit 9 96 Total operating expenses Net In Operational Excell.ppt -765.pdf 2048 Amount 20Y8 Percent 2017 Amount 2017 Percent % % % % Gross profit % % % % Total operating expenses % 996 9 96 Net income 96 b. All of the following are true regarding the vertical analysis for Tribal except: Operational Excell.ppt -765.pdf 81F 0 1031 10/200