Question: Exercise 14-4 Operating data for Joshua Corporation are presented below. 2019 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net

Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax

Exercise 14-4 Operating data for Joshua Corporation are presented below. 2019 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2020 $749,000 467,376 118,342 58,422 29,211 75,649 $603,000 390,744 69,948 59,094 26,532 56,682 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decima 13333 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decimal place, e.g. JOSHUA CORPORATION Condensed Income Statements For the Years Ended December 31 2020 Amount Percent Amount 2019 Percent Sales revenue $749,000 EO Cost of goods sold 467,376 A / Gross profit 281,624 V Selling expenses 118,342 Administrative expenses 58,422 59,094 Total operating expenses 176,764 129,042 Income before income taxes 104,860 Income taxes expense 26,532 Net income $56,682 .......dia cha... w inn. nnan Show Work

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