Exercise 13-4 Operating data for Pina Colada Corp. are presented below 2017 2016 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income $850,900 527,000 125,300 73,100 37,100 88,400 $622,200 414,200 73,200 50,300 23,000 61,500 II , prepare a schedule showing a vertical analysis for 2017 and 2016. (Round percentages to 1 decimal place, e.g. 12.1%.) . PINA COLADA CORP. Cond 2017 2016 Amount $850,900 527,000 323,900 125,300 73,100 Total operating expenses 198,400 Income before income taxes 125,500 37,100 $ 88,400 Percent Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Amount % $622,200 % 414,200 196 208,000 % 73,200 96 50,300 % 123,500 % 84,500 % 23,000 Income tax expense Net income 96 $61,500