Required:
1.	Complete the "%" columns to be used in a vertical analysis of Sports Emporium's two operating segments. Express each amount as a percentage of sales

SPORTS EMPORIUM

Income Statement

For the Year Ended December 31, 2015

Sporting Goods

Sports Apparel

Amount

%

Amount

%

Net sales

$1,875,000

$1,000,000

Cost of goods sold

1,070,000

455,000

Gross profit

805,000

545,000

Operating expenses

480,000

370,000

Operating income

325,000

175,000

Other income (expense)

21,500

(16,500)

Income before tax

346,500

158,500

Income tax expense

83,000

73,000

Net income

$263,500

$85,500