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Exercise 14-2 Operating data for Navarro Corporation are presented below. 2017 2016 Net sales Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 745,000 460,000 115,000 55,000 28,000 87,000 $595,000 385,000 67,000 49,000 19,000 75,000 Prepare a schedule showing a vertical analysis for 2017 and 2016" (Round answers to 1 decimal place, eg. 48.5%.) NAVARRO CORPORATION For the Years Ended December 31 2017 2016 Percent Amount Amount 745,000 460,000 285,000 115,000 Percent $595,000 % 385,000 % 210,000 9% 67,000 Net sales Cost of goods sold Gross profit Selling expenses