es OBJ. 1 EX 17-1 Vertical analysis of income statement Revenue and expense data for Soldner Inc. are as follows: 2014 Sales $1,500,000 Cost of goods sold 930,000 Selling expenses Administrative expenses 255,000 52,500 Income tax expense 2013 $1,450,000 812.000 261,000 232,000 72,500 210,000 (Continued)