Operating data for Navarro Corporation are presented below.

2015	2014
Net sales	$751,770	$602,470
Cost of goods sold	466,660	389,810
Selling expenses	121,330	69,210
Administrative expenses	57,280	51,640
Income tax expense	33,000	24,570
Net income	73,500	67,240

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	$751,770	%	$602,470	%
Cost of goods sold	466,660	%	389,810	%
Gross profit	285,110	%	212,660	%
Selling expenses	121,330	%	69,210	%
Administrative expenses	57,280	%	51,640	%
Total operating expenses	178,610	%	120,850	%
Income before income taxes	106,500	%	91,810	%
Income taxes expense	33,000	%	24,570	%
Net income	$73,500	%	$67,240	%