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Comparative data from the income statement of Wildhorse Corporation are shown below. Net sales Cost of goods sold Gross proht Operating expenses Proht before income

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Comparative data from the income statement of Wildhorse Corporation are shown below. Net sales Cost of goods sold Gross proht Operating expenses Proht before income tax Income tax expense Profit 2021 5801,000 560.700 240,300 144.180 96.120 24030 $72090 2020 5565.000 353.125 211.875 95.000 116.875 29.219 $87.656 Prepare a vertical analysis for Wildhorse Corporation (Round percentage answers to 1 decimal place, as 527%) WILDHORSE CORPORATION Income Statement 2021 Amount Percent 2020 Amount 5565.000 Percent Sales $801.000 X Cost of goods sold 560.700 353.125 Gross pront 240.300 X 211.875 144.180 95.000 Operating expemes Proht before income tax Income tax expense 96.120 116.875 % 24030 N 29.219 Prohit 572090 $87.656 eTextbook and Media

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