Operating data for Monty Corp. are presented below.

	2020		2019
Sales revenue		$860,000		$590,000
Cost of goods sold		580,500		428,340
Selling expenses		128,140		74,340
Administrative expenses		61,920		44,840
Income tax expense		31,820		25,960
Net income		57,620		16,520

Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round percentages to 1 decimal place, e.g. 12.1%.)

MONTY CORP. Condensed Income Statement For the Years Ended December 31 2020 2019 Amount Percent Amount Percent Sales $860,000 100 Cost of goods sold 580,500 100 % % % $590,000 428,340 161,660 Gross profit 279,500 Selling expenses 128,140 % 74,340 Administrative expenses 61,920 44,840 Total operating expenses 190,060 119,180 Income before income taxes 89,440 42,480 Income tax expense 31,820 25,960 Net income $ 57,620 $ 16,520