Financial Statement Analysis, Chapter Question 2 of 3 -/1 View Policies Current Attempt in Progress Operating data for Marigold Corp. are presented below. 2022 2021 Sales revenue $837,800 $621,700 Cost of goods sold 528,600 409,400 Selling expenses 121,500 73,300 Administrative expenses 76,900 54,800 Income tax expense 35,900 28,300 Net income 74,900 55,900 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.) MARIGOLD CORP. Condensed Income Statement Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.) MARIGOLD CORP. Condensed Income Statement 2022 2021 Amount Percent Amount Percent Sales $837,800 % $621,700 % Cost of goods sold 528,600 % 409,400 % Gross profit 309,200 % 212,300 % Selling expenses 121,500 % 73,300 % Administrative expenses 76,900 % 54,800 % Total operating expenses 198,400 % 128.100 % Income before income taxes 110,800 % 84.200 % Income tax expense 35.900 % 28,300 % Net income $ 74,900 % $55.900 % Toshaliando di