Operating data for Jacobs Corporation are presented below.

2014	2013
Sales revenue	$800,000	$600,000
Cost of goods sold	520,000	408,000
Selling expenses	120,000	72,000
Administrative expenses	60,000	48,000
Income tax expense	30,000	24,000
Net income	70,000	48,000

Prepare a schedule showing a vertical analysis for 2014 and 2013.(Round percentages to 1 decimal place, e.g. 12.1%.)

JACOBS CORPORATION Condensed Income Statement For the Years Ended December 31
2014	2013
Amount	Percent	Amount	Percent
Sales	$800,000		%	$600,000		%
Cost of goods sold	520,000		%	408,000		%
Gross profit	280,000		%	192,000		%
Selling expenses	120,000		%	72,000		%
Administrative expenses	60,000		%	48,000		%
Total operating expenses	180,000		%	120,000		%
Income before income taxes	100,000		%	72,000		%
Income tax expense	30,000		%	24,000		%
Net income	$70,000		%	$48,000		%