Prepare a Vertical Analysis of the Income Statement Shown Below $$\begin{array} { l l } \text { Net Sales } & \$ 7,000 \\\text { Cost of Goods Sold } & 3 , 8 0 0 \\\text { Gros Profit } & 3 , 2 0 0 \end{array}$$

Prepare a vertical analysis of the income statement shown below. (Round to two decimal places.)
Buckner, Inc.
Income Statement
For the Year Ended December 31, 2019 $$\begin{array} { l l } \text { Net Sales } & \$ 7,000 \\\text { Cost of Goods Sold } & 3 , 8 0 0 \\\text { Gros Profit } & 3 , 2 0 0 \end{array}$$ Operating Expenses:
$$\begin{array} { l l } \text { Selling Expenses } &&950 \\\text { Administrative Expenses } & \underline { 670 } \\\text { Total Operating Expenses } & \underline { 1,620 } \\\text { Operating Income } & 1,580\end{array}$$ Other Income and (Expenses):
$\begin{array}{lll}\text { Interest Expense } & \underline{750)} \\\text { Total Other Income and (Expenses) } & && \underline{750)}\\\text { Income Before Income Taxes } & &830 \\\text { Income Tax Expense } & \underline{150} & \\\text { Net Income } & \underline{\underline{\$ 680}} &\end{array}$