Current Attempt in Progress Operating data for Sunland Corporation are presented as follows. 2022 2021 Net sales $749,000 $605,000 Cost of goods sold 468,125 393,250 Selling expenses 118,342 70,180 Administrative expenses 56,924 53,240 Income tax expense 38,199 26,015 Net income 67,410 62,315 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round answers to 1 decimal place, e.g. 48.5%.) SUNLAND CORPORATION Condensed Income Statements For the Years Ended December 31 2022 2021 Amount Percent Amount Percent Net sales $749,000 % $605,000 % Cost of goods sold 468,125 % 393,250 % Gross profit 280,875 % 211,750.0 % Selling expenses 118,342 % 70,180 % Administrative expenses 56,924 % 53,240 % Total operating expenses 175,266 % 123,420 % Income before income taxes 105,609 % 88,330 % Income tax expense 38,199 % 26,015 % Net income $67,410 % $62,315 %