Operating data for Blue Spruce Corp. are presented as follows.

		2022		2021
Sales revenue		$822,500		$643,500
Cost of goods sold		528,045		414,414
Selling expenses		123,375		77,220
Administrative expenses		74,025		52,767
Income tax expense		32,900		25,740
Net income		64,155		73,359

Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.)

BLUE SPRUCE CORP. Condensed Income Statement Choose the accounting period December 31For the Month Ended December 31For the Years Ended December 31
	2022					2021
	Amount		Percent			Amount		Percent
Sales	$822,500		Enter percentages	%		$643,500		Enter percentages	%
Cost of goods sold	528,045		Enter percentages	%		414,414		Enter percentages	%
Gross profit	294,455		Enter percentages	%		229,086		Enter percentages	%
Selling expenses	123,375		Enter percentages	%		77,220		Enter percentages	%
Administrative expenses	74,025		Enter percentages	%		52,767		Enter percentages	%
Total operating expenses	197,400		Enter percentages	%		129,987		Enter percentages	%
Income before income taxes	97,055		Enter percentages	%		99,099		Enter percentages	%
Income tax expense	32,900		Enter percentages	%		25,740		Enter percentages	%
Net income	$ 64,155		Enter percentages	%		$ 73,359		Enter percentages	%