Question: Current Attempt in Progress Operating data for Joshua Corporation are presented below. 2020 2019 $597.000 385.662 Sales revenue Cost of goods sold Selling expenses Administrative

Current Attempt in Progress Operating data for Joshua Corporation are presented

below. 2020 2019 $597.000 385.662 Sales revenue Cost of goods sold Selling

Current Attempt in Progress Operating data for Joshua Corporation are presented below. 2020 2019 $597.000 385.662 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense $753.000 462.342 118.221 57.228 76.416 53.730 25.671 34,638 80.571 55.521 Net income Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decimal place, e.g. 48.5%.) JOSHUA CORPORATION Condensed Income Statements For the Years Ended December 31 2020 2019 Percent Amount Percent Amount % Sales revenue % $753,000 $597,000 % % 385,662 462.342 Cost of goods sold % % 290.658 211,338 Gross profit % % 76.416 Selling expenses 118.221 % % 53.730 Administrative expenses 57.228 % % 130.146 Total operating expenses 175,449 % % 81.192 115.209 Income before income taxes % % 25.671 34.638 Income taxes expense % % $55.521 Net income $80,571

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