Operating data for Joshua Corporation are presented below.

		2020		2019
Sales revenue		$746,000		$605,000
Cost of goods sold		468,488		387,200
Selling expenses		115,630		67,760
Administrative expenses		61,172		55,660
Income tax expense		29,840		29,040
Net income		70,870		65,340

Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decimal place, e.g. 48.5%.)

JOSHUA CORPORATION Condensed Income Statements For the Years Ended December 31
	2020				2019
	Amount		Percent		Amount		Percent
Sales revenue	$746,000		%		$605,000		%
Cost of goods sold	468,488		%		387,200		%
Gross profit	277,512		%		217,800		%
Selling expenses	115,630		%		67,760		%
Administrative expenses	61,172		%		55,660		%
Total operating expenses	176,802		%		123,420		%
Income before income taxes	100,710		%		94,380		%
Income taxes expense	29,840		%		29,040		%
Net income	$70,870		%		$65,340		%