Operating data for Sarasota Corp. are presented below 2017 2016 $845,100 $630,200 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 523,500 410,600 123,600 77,800 77,70051,100 37,500 28,500 82,800 62,200 Prepare a schedule showing a vertical analysis for 2017 and 2016, (Round percentages to 1 decimal place, e.g. 12.1%.) SARASOTA CORP. Condensed Income Statement 2017 2016 Amount $845,100 523,500 321,600 123,600 77,700 201,300 Income before income taxes 120,300 37,500 $82,800 Percent Amount % $630,200 % 410,600 % 219,600 % 77,800 % 51,100 % 128,900 % 90,700 % 28,500 % $62,200 Percent Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income tax expense Net income