View Policies Current Attempt in Progress Operating data for Blue Spruce Corp. are presented as follows. 2022 2021 Sales revenue $822.500 $643,500 Cost of goods sold 528,045 414,414 Selling expenses 123.375 77.220 Administrative expenses 74,025 52,767 Income tax expense 32.900 25,740 Net Income 64.155 73.359 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, c.8. 12.1%) BLUE SPRUCE CORP Condensed Income Statement 2022 2021 Amount Percent Amount Percent $822,500 Sales $643,500 * 414,414 Cost of goods sold 528,045 % 294455 229,086 36 Gross profit % 123,375 77.220 Selling expenses Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, s. 12.1%.) BLUE SPRUCE CORP Condensed Income Statement 2022 2021 Amount Percent Amount Percent Sales $822,500 $643.500 X Cost of goods sold 528.045 414.414 % Gross profit 294,455 % 229,086 * % Selling expenses 123,375 % 77.220 Administrative expenses 74,025 90 52,767 Total operating expenses 197,400 %6 129,987 Income before income taxes 97,055 % 99.099 Income tax expense 32,900 25,740 Net income $64.155 % $ 73,359 e Textbook and Media Save for Later Attempts: 0 of 3 used Submit