ACCT 1020 Quiz 3 Revenue and expense data for Martinez Company are as follows: Administrative expenses Cost of goods sold Income tax Net sales Selling expenses 2012 2011 $39,000 $24,000 320,000 300,000 42,000 36,000 810,000 730,000 160,000 120,000 Prepare a comparative income statement, with vertical analysis, stating each item for both 2012 and 2011 as a percent of sales.