ACCOUNTING PROBLEM SOLVE

Operating data for Ayayai Corp. are presented below 2017 2016 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income $821,000 521,000 121,000 73,000 33,000 73,000 $621,000 409,000 73,000 49,000 22,600 67,400 Prepare a schedule showing a vertical analysis for 2017 and 2016. (Round percentages to 1 decimal place, eg. 12.1%.) AYAYAI CORP 2017 2016 Percent Amount $821,000 521,000 300,000 121,000 73,000 Total operating expenses 194,000 Income before income taxes 106,000 33,000 73,000 % $621,000 Cost of goods sold Gross proft Selling expenses Administrative expenses % 409,000 % 212,000 % 73,000 49,000 96 122,000 90,000 % 22,600 % 67,400 Income tax expense Net income