Operating data for Navarro Corporation are presented below.

2015	2014
Net sales	$748,000	$602,210
Cost of goods sold	463,420	389,270
Selling expenses	118,680	70,920
Administrative expenses	56,070	50,190
Income tax expense	31,180	22,770
Net income	78,650	69,060

Prepare a schedule showing a vertical analysis for 2015 and 2014.(Round answers to 1 decimal place, e.g. 48.5%.)

NAVARRO CORPORATION Condensed Income Statements For the Years Ended December 31
2015	2014
Amount	Percent	Amount	Percent
Net sales	$748,000	%	$602,210	%
Cost of goods sold	463,420	%	389,270	%
Gross profit	284,580	%	212,940	%
Selling expenses	118,680	%	70,920	%
Administrative expenses	56,070	%	50,190	%
Total operating expenses	174,750	%	121,110	%
Income before income taxes	109,830	%	91,830	%
Income taxes expense	31,180	%	22,770	%
Net income	$78,650	%	$69,060	%