Operating data for Novak Corp. are presented below. Please show how to do the equations. Thank you.

		2022		2021
Sales revenue		$848,000		$637,800
Cost of goods sold		529,300		409,500
Selling expenses		124,900		75,900
Administrative expenses		73,700		50,700
Income tax expense		36,200		28,900
Net income		83,900		72,800

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

NOVAK CORP. Condensed Income Statement choose the accouning period For the Years Ended December 31For the Month Ended December 31December 31
	2022					2021
	Amount		Percent			Amount		Percent
Sales	$848,000		enter percentages	%		$637,800		enter percentages	%
Cost of goods sold	529,300		enter percentages	%		409,500		enter percentages	%
Gross profit	318,700		enter percentages	%		228,300		enter percentages	%
Selling expenses	124,900		enter percentages	%		75,900		enter percentages	%
Administrative expenses	73,700		enter percentages	%		50,700		enter percentages	%
Total operating expenses	198,600		enter percentages	%		126,600		enter percentages	%
Income before income taxes	120,100		enter percentages	%		101,700		enter percentages	%
Income tax expense	36,200		enter percentages	%		28,900		enter percentages	%
Net income	$ 83,900		enter percentages	%		$ 72,800		enter percentages	%