Operating data for Monty Corp. are presented below.

		2022		2021
Sales revenue		$843,400		$628,800
Cost of goods sold		526,700		413,900
Selling expenses		121,800		79,500
Administrative expenses		79,300		54,900
Income tax expense		37,500		28,000
Net income		78,100		52,500

Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.)

Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.) MONTY CORP. Condensed Income Statement 2022 2021 Amount Percent Amount Percent Sales $843,400 % $628,800 % Cost of goods sold 526,700 % 413,900 % Gross profit 316,700 % 214,900 % Selling expenses 121,800 % 79,500 % Administrative expenses 79,300 % 54,900 % Total operating expenses 201,100 % 134,400 % Income before income taxes 115,600 % 80,500 % Income tax expense 37,500 % 28,000 % Net income $ 78,100 % $ 52,500 %