ACRH, Inc. Comparative Income Statement Years Ended December 31, 2022 and 2021 Amounts 2022 2021 Sales $1,850,000 $1,700,000 Less: Sales returns and allowances 55.500 51,000 Net sales $1,794,500 $1,649,000 Cost of goods sold 1,345,875 1,236,750 Gross profit on sales $ 448.625 $ 412,250 Selling expenses $ 215,000 $ 200,000 General expenses 210,000 190,000 Total expenses $ 425,000 $ 390,000 Net income before income taxes $ 23,625 S 22,250 Income tax expense 4.961 4,672 Net income after income taxes $ 18,664 $ 17,578 Required: Using the comparative income statement, prepare a vertical analysis of all items from sales through gross profit on sales for the years 2021 and 2022 (Round your percentage answers to 1 decimal place. I.e., 0.123 should be entered as 12.3.) ACRH, Inc. Comparative Income Statement (partial) Years Ended December 31, 2022 and 2021 2022 2021 Sales $ 1,850,000 1,700,000 9% Less: Sales returns and allowances 55.500 3.0% 51,000 3.0 9E Net sales $ 1.794.500 100.0 9% $ 1,649,000 100.0 9% Cost of goods sold 1,345,875 75.0 % 1,236,750 75.0 9% Gross profit on sales 448.625 25.0 9% $ 412,250 25.0 9%