Using the following information, calculate Vertical Analysis for the highlighted accounts only (so you should have 5 answers for this question). Be sure to present your answer as a percentage and round to one decimal place (example: 2.4%).

Miller Restaurant, Inc.

Income Statement

For the Year Ended February 28, 2022

REVENUE:

Food Sales $ 254,000

Allowances 4,000

Net Revenue $ 250,000

Cost of Food Sold 68,750

Gross Profit $ 181,250

EXPENSES:

Payroll $ 80,500

Employee Benefits 30,000

All other Expenses 56,750

Total Expenses $ 167,250

Net Income $ 14,000