Question 57 Selected data (in thousands) from the income statement of Tarjee Inc. are shown below. Using vertical analysis, calculate the percentage of the base amount for each year. (Round answers to 1 decimal place, e.g. 5.2%.) 2018 Percentage 2017 Percentage Amount Amount Net sales $1,912 % $2,075 Cost of goods sold 1,609 1,671 Gross profit 303 404 Operating expenses 209 Income before income tax 83 195 Income tax expense 39 Profit $66 $156