Exercise 13-4 Operating data for Bridgeport Corp. are presented belovw 2017 -2072016 $826,200 $641,300 Sales revenue Cost of goods sold 523,300 414,500 121,800 78,500 Administrative expenses77,100 51300 36,600 25,700 67,400 71,300 Selling expenses Income tax expense Net income Prepare a schedule showing a vertical analysis for 2017 and 2016. (Round percentages to 1 decimal place, e.g. 12.1%.) BRIDGEPORT CORP 2017 2016 Percent Percent $826,200 523,300 302,900 121,800 77,100 198,900 Income before income taxes 104,000 36,600 67,400 % $641,300 % 414,500 % 226,800 % 78,500 % 51,300 % 129,800 % 97,000 % 25,700 % $71,300 Cost of goods sold Gross profit Selling expenses Total operating expenses Income tax expense Net income Click if you would like to Show Work for this question: Open Show Work