Prepare a schedule showing a vertical analysis for 2017 and 2016, (Round answers to 1 decimal place, e.g. 48.5%.) NAVARRO CORPORATION Condensed Income Statements For the Years Ended December 31 2017 2016 Percent Amount Percent Amount $748,000 466,500 281,500 120,000 64,500 Total operating expenses 184,500 Income before income taxes 97,000 38,000 $59,000 100 % $595,500 % 394,500 % 201,000 75,000 49,000 % 124,000 77,000 20,500 Net sales 100 Cost of goods sold Gross proft Selling expenses Administrative expenses Income taxes expense Net income $56,500