Operating data for Pronghorn Corp are presented below.

		2020		2019
Sales revenue		$750,000		$620,000
Cost of goods sold		505,500		435,240
Selling expenses		105,000		81,840
Administrative expenses		54,000		50,220
Income tax expense		25,500		26,040
Net income		60,000		26,660

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

PRONGHORN CORP Condensed Income Statement choose the accounting period December 31For the Years Ended December 31For the Month Ended December 31
	2020					2019
	Amount		Percent			Amount		Percent
Sales	$750,000		enter percentages	%		$620,000		enter percentages	%
Cost of goods sold	505,500		enter percentages	%		435,240		enter percentages	%
Gross profit	244,500		enter percentages	%		184,760		enter percentages	%
Selling expenses	105,000		enter percentages	%		81,840		enter percentages	%
Administrative expenses	54,000		enter percentages	%		50,220		enter percentages	%
Total operating expenses	159,000		enter percentages	%		132,060		enter percentages	%
Income before income taxes	85,500		enter percentages	%		52,700		enter percentages	%
Income tax expense	25,500		enter percentages	%		26,040		enter percentages	%
Net income	$ 60,000		enter percentages	%		$ 26,660		enter percentages	%