ncome statement information for Ivanoff Corporation follows: Sales $309,000   Cost of goods sold 86,520   Gross profit 222,480   Prepare a vertical analysis of the income statement for Ivanoff Corporation. If required, round percentage answers to the nearest whole number. Ivanoff CorporationVertical Analysis of the Income Statement   Amount Percentage Sales $309,000 fill in the blank 1% Cost of goods sold 86,520 fill in the blank 2% Gross profit $222,480 fill in the blank 3%

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