Operating data for Crane Land Corporation are presented below: December 31, 2021 December 31, 2020 Sales revenue $920,000 $720,000 Cost of goods sold 504,160 414,000 Selling expenses 144,440 102,960 Administrative expenses 103,960 77,760 Income tax expense 46,920 48,240 Net income 120,520 77,040 Prepare a schedule showing a vertical analysis for 2021 and 2020. (Round percentages to 1 decimal place, e.g. 12.1%.) CRANELAND COMPANY Condensed Income Statement For the Years Ended December 31 Amount Sales revenue $920,000 Cost of goods sold 504,160 Gross profit 2021 Percentage Amount % $720,000 % 414,000 2020 Percentage % % 415,840 % 306,000 % Selling expenses 144,440 % 102,960 % Administrative expenses 103,960 % 77,760 % Total operating expenses 248,400 % 180,720 % Income before income taxes 167,440 % 125,280 % Income tax expense Net income 46,920 % 48,240 % $120,520 % $77,040