Homework: Chapter 18 Question 7 of 8 < > Using the following operating data for Teal Mountain Corporation. 2020 2019 Net sales $370,000 $330,000 Cost of goods sold 207,940 170,000 Operating expenses 113,960 102,500 Net income 48,100 57,500 Prepare a schedule showing a vertical analysis for 2020. (Round percentage answers to 1 decimal place, e.g. 15.2%) Amount Percent % % % % $ %