Boyd Corporation Comparative Income Statements For the Years Ended December 31

	2019	2018
Sales	$3,500,000	$3,000,000
Cost of goods sold	1,225,000	1,000,000
Gross profit	$2,275,000	$2,000,000
Operating expenses	875,000	600,000
Net income	$1,400,000	$1,400,000

Fill in the blanks to complete the following vertical analysis (common-size percentages) for each year. Round your answer to the nearest decimal place.

	2019	%	2018	%
Sales	$3,500,000		$3,000,000
Cost of goods sold	1,225,000		1,000,000
Gross profit	2,275,000		$2,000,000
Operating expenses	875,000		600,000
Net income	$1,400,000		$1,400,000