Prepare a Vertical Analysis Report of the Income Statement Shown

Prepare a vertical analysis report of the income statement shown below. Round off the percentages to two decimal places.
$\begin{array}{llcc} \text { } &2015 \\\text {Net Sales}&\$7,000\\ \text { Cost of Goods Sold} &\underline{3,800}\\ \text { Gross Profit} &\underline{\$3,200}\\\end{array}$
Operating Expenses:
$\begin{array}{llcc} \text {Selling Expenses } &\$950 \\ \text { Administrative expenses } &\underline{670}\\ \text { Total Expenses } &\underline{\$1,620}\\ \text { Operating Income } &\underline{\$1,580}\\\end{array}$

Other Revenues and (Expenses):
$\begin{array}{llcc} \text { Interest Revenue } &0 \\ \text { Interest Expense } &\underline{(750)}\\ \text {Total Revenues and (Expenses) } &\underline{(\$750)}\\ \text { Income Before Taxes } &\$830\\ \text { Income Tax Expense } &\underline{150}\\ \text { Net Income } &\underline{\$680}\\\end{array}$