Question: Having issue with calculating the net income, numbers arent adding up. need help trying to solve this, not just the answer. Please. Operating data for

Having issue with calculating the net income, numbers arent adding up. need help trying to solve this, not just the answer. Please.
Operating data for Culver Corporation are presented below. Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2022 $838,100 525,000 125,800 77,400 35,500 74,400 2021 $639,000 410,600 77,700 51,500 27,600 71,600 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.) CULVER CORPORATION Condensed Income Statement 2022 Percent 2021 Percent Amount Amount Sales $838,100 % $639,000 % Cost of goods sold 525,000 % 410,600 % Gross profit 313,100 % 228,400 % Selling expenses 125,800 % 77,700 % 77,400 % 51,500 % Administrative expenses Total operating expenses 203,200 % 129,200 % Income before income taxes 109,900 % 99,200 % Income tax expense 35,500 % 27,600 % Net income $ 74,400 % $ 71,600 %
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