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Operating data for Cullumber Corporation are presented as follows. 2022 2021 Net sales $753,000 $602,000 462,342 394.912 124,245 75,852 Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 63,252 57,792 30,948 26,488 72,213 46,956 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round answers to 1 decimal place, 2.8. 48.5%.) CULLUMBER CORPORATION Condensed Income Statements For the Year Ended December 31 Amount Percent Amount Percent Net sales $753,000 $602,000 % Cost of goods sold 462,342 % 394,912 % Gross profit 290,658 % 207,088 % % Selling expenses 124,245 % 75,852 % % Administrative expenses 63,252 57,792 % Total operating expenses 187.497 % 133,644 % % Income before income taxes 103,161 % 73,444 % Income taxes expense 30.948 % 26,488 % Net income $72,213 % $46,956 %