Following is the income statement for Lovesick Lake Group Inc., for the year ended December 31, ...

Following is the income statement for Lovesick Lake Group Inc., for the year ended December 31, 2014:
   Lovesick Lake Group Inc.
   Income Statement
   For the Year Ended December 31, 2014

Net sales   $3,470,000
Expenses:
Cost of goods sold   $2,082,000
Selling expenses   105,000
General expenses   291,000
Interest expense   10,000
Income tax expense   265,000
Total expenses   2,753,000
Net income   $ 717,000

Required:
a. Prepare a vertical analysis of the income statement showing appropriate percentages for each item listed above. Round percentages to one-tenth percent.
b. What additional information would you need to determine whether these percentages are good or bad?