Please let me know if I am doing this calculation correctly?

The condensed statements of Independent Auto Inc. follow: 2 Independent Auto Inc. Income Statement (5000) For Years Ended December 31 2020 2019 Net sales $ 210,100 $193,300 Cost of goods sold 125,459 119,725 Gross profit from sales $ 84,641 $ 73,575 Selling expenses $ 29,692 $ 26,710 Administrative expenses 19,021 27,845 Total operating expenses $ 48,713 $ 53,755 Profit before taxes $ 35,928 $ 19,820 Income taxes 6,858 6,242 Profit $ 29,070 $ 13,578 2018 $168,180 106,453 $ 61,647 $ 22,241 13,919 $36,160 $ 25, 487 5,388 $ 20,179 2. Express the income statement data in common-size percentages. (Round your final percentage answers to 2 decimal places.) Answer 2018 100% 63% 37% 13% Net Sales Cost of Good Sold Gross profit from sales Selling expenses Administrative expenses Total operating expenses Profit before tax Income Tax Profit 2020 210,100 125,459 84,641 29,692 19,021 48,713 35,928 6,858 29,070 2019 193,300 119,725 73,575 26,710 27,045 53,755 19,820 6,242 13,578 2020 100% 60% 40% 14% 9% 2018 168,100 Net Sales 106,453 Cost of Good Sold 61,647_iss profit from sales 22,241 Selling expenses 13,919 nistrative expenses 36,160 l operating expenses 25,487 Profit before tax 5,308 Income Tax 20,179 Profit 2019 100% 62% 38% 14% 14% 28% 10% 3% 7% 8% 22% 23% 17% 3% 15% 3% 12% 14%