Question: Exercise 13-4 Operating data for Bridgeport Corp. are presented below 2019 2018 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense

Exercise 13-4 Operating data for Bridgeport Corp. are presented below 2019

Exercise 13-4 Operating data for Bridgeport Corp. are presented below 2019 2018 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income $730,000 448,950 99,280 54,020 26,280 101,470 $570,000 362,520 67,260 49,020 22,800 68,400 Prepare a schedule showing a vertical analysis for 2019 and 2018. (Round percentages to 1 decimal place, eg, 12.1%.) BRIDGEPORT CORP Condensed Income Statement 2019 2018 Amount Percent Amount Percent Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses $730,000 448,950 281,050 99,280 54,020 153,300 Income before income taxes 127,750 26,280 $101,470 96 $570,000 362,520 207,480 67,260 49,020 116,280 91,200 22,800 % $68,400 Income tax expense Net income

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