2020 2019 Net sales $890,000 $710,000 560,700 454,400 142,400 92,300 Administrative expenses 80,10056,800 31,950 74,760 74,550 Cost of goods sold Selling expenses Income tax expense 32,040 Net income (a) Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decimal place, eg, 15.2%.) POLL CORPORATION Condensed Income Statements For the Years Ended December 31 2020 2019 Amount Percent Amount Percent Sales $890,000 100 $710,000 100 560,700 454,400 255,600 92,300 56,800 149,100 106,500 31,950 Cost of goods sold Gross proft Selling expenses 329,300 142,400 80,100 222,500 Administrative expenses Total operating expenses Income before income taxes 106,800 Income taxes expense 32,040 Net income $74,760 $74,550