Current Attempt in Progress Operating data for Joshua Corporation are presented below. 2020 2019 Sales ravenue $750.000 $599,000 Cost of goods sold 468,750 394,741 Seling expenses 123,000 70,063 Administrative expenses 63,750 55,707 Income tax expense 37,500 23,361 Net income 57,000 55,100 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decimal place eg. 48.5%J JOSHUA CORPORATION Condensed Income Statements For the Years Ended December 31 2020 2019 Amount Percent Amount Percent Sales revenue $750,000 $599,000 Cost of goods sold 468,750 394,741 Gross profit 281.250 204,259 Seling expenses 123.000 70,083 Administrative expenses 63,750 55,707 Total operating expenses 186.750 125,790 Income before income taxes 94,500 78,469 Income taxes expense 37,500 23,361 Net income $57,000 $55,106 eTextbook and Medla Sava for Later Attempts: unlimited SubmitAnawer