Use the following income statement from Designers Discount, Inc., to perform a vertical analysis with sales as the base:Designers Discount,Inc. Income StatementFor the Year Ended December 31, 2010Sales revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 16,374Cost of goods sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,985Gross profit on sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 8,389Operating expenses: Depreciation— buildings and equipment . . . . . $ 265Other selling and administrative . . . . . . . . . . . . 3,750 Total expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,015Income before interest and taxes . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4,374Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 254Income before taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4,120Income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,236Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,884
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Use the following income statement from Designers Discount Inc to



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