Operating data for Bramble Corp. are presented below. Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2020 $730,000 480,340 105,850 50,370 29,930 63,510 2019 $650,000 473,850 84,500 52,000 26,650 13,000 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round percentages to 1 decimal place BRAMBLE CORP. Condensed Income Statement 2020 2019 Percent Amount Percent Amount Sales $730,000 % $650,000 % Cost of goods sold 480,340 % 473,850 % Gross profit 249,660 % 176,150 % Selling expenses 105,850 % 84,500 % Administrative expenses 50,370 52,000 % Total operating expenses 156,220 % 136,500 % Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round percentages BRAMBLE CORP. Condensed Income Statement 2019 2020 Percent Amount Amount Percent Sales $730,000 % $650,000 % Cost of goods sold 480,340 % 273,850 % Gross profit 249,660 % 176,150 % Selling expenses 105,850 % 84,500 % Administrative expenses 50,370 % 52,000 % Total operating expenses 156,220 % 136,500 % Income before income taxes 93,440 % 39,650 Income tax expense 29,930 % 26,650 % Net income $ 63,510 % $ 13,000 %