Operating data for Joshua Corporation are presented below.

Instructions
Prepare a schedule showing a vertical analysis for 2020 and 2019.

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2020 2019 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income $800,000 520,000 $600,000 408,000 72,000 120,000 60,000 48,000 30,000 70,000 24,000 48,000