Operating data for Joshua Corporation are presented below.

Instructions
Prepare a schedule showing a vertical analysis for 2019 and 2018.

Transcribed Image Text:

2019 $800,000 520,000 120,000 60,000 30,000 70,000 2018 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income $600,000 408,000 72,000 48,000 24,000 48,000