Burton Corporation's controller has prepared the following vertical analysis for the president:
____________________________________2019 2018
Sales.............................................. 100.0%........................... 100.0%
Cost of goods sold................................ 57.0......................... 54.0
Gross margin....................................... 43.0........................ 46.0
Selling and administrative expense............. 18.0......................... 20.0
Interest expense.................................... 2.8........................... 4.0
Total expenses..................................... 20.8......................... 24.0
Income before taxes.............................. 22.2......................... 22.0
Income tax expense...............................10.0........................... 8.0
Net income....................................... 12.2%............................. 14.0%
Required
Sales were $800,000 in 2018 and $900,000 in 2019. Convert the analysis to income statements for the two years.