1. Operating data for Martinez Corp. are presented as follows.

		2022		2021
Sales revenue		$842,600		$639,100
Cost of goods sold		530,838		409,024
Selling expenses		122,177		76,692
Administrative expenses		71,621		51,128
Income tax expense		37,917		25,564
Net income		80,047		76,692

Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.)

2. Here is financial information for Splish Brothers Inc.

		December 31, 2022		December 31, 2021
Current assets		$109,852		$ 94,700
Plant assets (net)		404,643		353,800
Current liabilities		103,544		68,800
Long-term liabilities		125,951		94,700
Common stock, $1 par		134,216		118,800
Retained earnings		150,784		166,200

Prepare a schedule showing a horizontal analysis for 2022, using 2021 as the base year. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.)