ework Operating data for Bramble Corp. are as follows. 2022 2021 Sales revenue $860,000 $550,000 Cost...

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ework Operating data for Bramble Corp. are as follows. 2022 2021 Sales revenue $860,000 $550,000 Cost of goods sold 520,300 385,550 Selling expenses 123,840 59,950 Administrative expenses 65,360 48,950 Income tax expense 33,540 20,350 Net income 116,960 35,200 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.) Question 2 of 4 < Sales BRAMBLE CORP. Condensed Income Statement 2022 2021 Amount Percent Amount Percent -/3 Amount Percent % Amount Percent $860,000 % $550,000 Cost of goods sold 520,300 Gross profit % 385,550 % 339,700 % 164,450 % Selling expenses 123,840 % 59,950 % Administrative expenses 65,360 26 % 48,950 % Total operating expenses 189,200 % 108,900 % Income before income taxes 150,500 % 55,550 % Income tax expense Net income 33,540 % 20,350 % 10 $ 116,960 % $35,200 % ework Operating data for Bramble Corp. are as follows. 2022 2021 Sales revenue $860,000 $550,000 Cost of goods sold 520,300 385,550 Selling expenses 123,840 59,950 Administrative expenses 65,360 48,950 Income tax expense 33,540 20,350 Net income 116,960 35,200 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.) Question 2 of 4 < Sales BRAMBLE CORP. Condensed Income Statement 2022 2021 Amount Percent Amount Percent -/3 Amount Percent % Amount Percent $860,000 % $550,000 Cost of goods sold 520,300 Gross profit % 385,550 % 339,700 % 164,450 % Selling expenses 123,840 % 59,950 % Administrative expenses 65,360 26 % 48,950 % Total operating expenses 189,200 % 108,900 % Income before income taxes 150,500 % 55,550 % Income tax expense Net income 33,540 % 20,350 % 10 $ 116,960 % $35,200 %