Prepare a schedule showing a vertical analysis for 2017 and 2016.(Round percentages to 1 decimal place, e.g. 12.3%.)

Navarro corporation Condensed Income Statement 2017 2016 Amount % age Amount % age Net sales 749500 100% 600000 100% Cost of goods sold 461000 62% 391500 52% gross profit 288500 38% 208500 28% selling expenses 120500 16% 76500 10% administrative expenses 59500 8% 52500 7% total operating expenses 180000 24% 129000 17% income before taxes 108500 14% 79500 11% income tax expense 29000 4% 24000 3% net income 79500 11% 55500 7%