(a) Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decimal place, e.g. 15.2%.) POLL CORPORATION Condensed Income Statements For the Years Ended December 31 2020 2019 Amount Percent Amount Percent Sales $880,000 $690,000 % % Cost of goods sold 572,000 448,500 % % Gross profit 308,000 241,500 % % Selling expenses 140,800 89,700 % % Administrative expenses 79,200 62,100 % % Total operating expenses 220,000 151,800 % % Income before income taxes 88,000 89,700 % % Income taxes expense 26,400 26,910 % % Net income $61,600 $62,790 % % Challenge Exercise 18-02 a Operating data for Poll Corporation are presented below. Net sales Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2020 $880,000 572,000 140,800 79,200 26,400 61,600 2019 $690,000 448,500 89,700 62,100 26,910 62,790