Current Attempt in Progress Operating data for Flint Corporation are presented as follows. 2022 2021 Net sales $870,000 $630,000 Cost of goods sold 586,380 412,020 Selling expenses 133,110 82,530 Administrative expenses 66,990 55,440 Income tax expense 35,670 23,310 Net income 47,850 56,700 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.) FLINT CORPORATION Condensed Income Statement 2021 2022 Amount Percent Amount Percent Net sales $870,000 % % $630,000 % 586,380 Cost of goods sold % 412,020 Gross profit 283,620 % % 217,980 % 133,110 82,530 % Selling expenses % Administrative expenses 66,990 % 55,440 % 200,100 137,970 % Total operating expenses TOlal operating expenses 200,100 % 137,970 % Income before income taxes 83,520 % 80,010 % Income tax expense 35,670 % 23,310 % Net income $ 47,850 % $ 56,700 % eTextbook and Media