Question: 0 Question #3 Operating data for East Coast Limited are presented as follows. 2022 2021 Sales revenue $800,00 $600,00 0 Cost of goods sold 520,000

0 Question #3 Operating data for East Coast Limited are presented as follows. 2022 2021 Sales revenue $800,00 $600,00 0 Cost of goods sold 520,000 408,000 Selling expenses 120,000 72,000 Administrative 60,000 48,000 expenses Income tax expense 30,000 24,000 Net income 70,000 48,000 Required: Prepare a schedule showing a vertical analysis for 2022 and 2021

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