Attempt Operating data for Cullumber Land Corporation are presented below: December 31, 2021 December 31, 2020 Sales revenue $815,000 $615,000 Cost of goods sold 482,480 392,370 Selling expenses 123,880 81,180 Administrative expenses 83,130 57,810 Income tax expense 26,080 28,290 Net income 99,430 55,350 Prepare a schedule showing a vertical analysis for 2021 and 2020. (Round percentages to 1 decimal place, e.g. 12.1%.) Prepare a schedule showing a vertical analysis for 2021 and 2020. (Round percentages to 1 decimal place, e.g. 12.1%.) CULLUMBERLAND COMPANY Condensed Income Statement For the Years Ended December 31 Sales revenue Cost of goods sold 482,480 Gross profit Selling expenses 2021 2020 Amount $815,000 Percentage Amount Percentage % $615,000 % % 392,370 % 332,520 % 222,630 % 123,880 % 81,180 % Administrative expenses 83,130 % 57,810 % Total operating expenses 207,010 % 138,990 % Income before income taxes 125,510 % 83,640 % Income tax expense 26,080 % 28,290 % Net income $99,430 % $55,350 %