Current Attempt in Progress Operating data for Joshua Corporation are presented below. 2020 2019 Sales revenue $800,000 $600,000 520,000 408,000 Cost of goods sold Selling expenses 120,000 72.000 Administrative expenses 60,000 48,000 Income tax expense 30,000 24,000 Net income 70,000 48,000 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decimal place, e.g. 48.5%.) JOSHUA CORPORATION Condensed Income Statements For the Years Ended December 31 2020 2019 Amount Percent Amount Percent urses/26497/assignments/2753795?module_item_id=9317417 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decimal place, e.g. 48.5%.) JOSHUA CORPORATION Condensed Income Statements For the Years Ended December 31 2020 2019 Amount Percent Amount Percent Sales revenue $800,000 $600,000 Cost of goods sold 520,000 408,000 Gross profit 280,000 192,000 Selling expenses 120,000 72,000 Administrative expenses 60,000 48,000 Total operating expenses 180,000 120,000 Income before income taxes 100,000 72,000 Income taxes expense 30,000 24,000 Net income $70,000 $48,000 Current Attempt in Progress Operating data for Joshua Corporation are presented below. 2020 2019 Sales revenue $800,000 $600,000 520,000 408,000 Cost of goods sold Selling expenses 120,000 72.000 Administrative expenses 60,000 48,000 Income tax expense 30,000 24,000 Net income 70,000 48,000 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decimal place, e.g. 48.5%.) JOSHUA CORPORATION Condensed Income Statements For the Years Ended December 31 2020 2019 Amount Percent Amount Percent urses/26497/assignments/2753795?module_item_id=9317417 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decimal place, e.g. 48.5%.) JOSHUA CORPORATION Condensed Income Statements For the Years Ended December 31 2020 2019 Amount Percent Amount Percent Sales revenue $800,000 $600,000 Cost of goods sold 520,000 408,000 Gross profit 280,000 192,000 Selling expenses 120,000 72,000 Administrative expenses 60,000 48,000 Total operating expenses 180,000 120,000 Income before income taxes 100,000 72,000 Income taxes expense 30,000 24,000 Net income $70,000 $48,000