Question 6 Condensed data from the income statement for Paver Corporation follow: (a) Using vertical analysis, calculate the percentage of the base amount for each year. (Round answers to 1 decimal place, e.g. 15.2%.) PAVER CORPORATION Vertical Analysis of Income Statement 2018 2017 Amount Percent Amount Percent Net sales $795,000 $595,000 Cost of goods sold 546,000 373,000 Gross profit 249,000 222,000 Operating expenses 155,000 124,000 Income before income tax 94,000 98,000 Income tax expense 13,000 21,000 Net income $81,000 $77,000