om $730,000 $650,000 Sales revenue Cost of goods sold 480,340 473,850 105,850 84,500 50,370 52,000 Selling expenses Administrative expenses Income tax expense Net income 29,930 26,650 63,510 13,000 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round percentages to 1 decimal place, e.g. 12.1%.) BRAMBLE CORP Condensed Income Statement 2020 2019 Amount Percent Amount Percent Sales $730,000 100.0 96 $650,000 100.0 %6 480,340 75.6 % 473,850 %6 Cost of goods sold Gross profit Selling expenses 249,640 39.3 % 176,150 96 105,850 16.7 % 84,500 % 50,370 7.9 % 52,000 %6 Administrative expenses Total operating expenses 156,220 24.6 % 136,500 % Income before income taxes 93,440 14.7 % 39,650 % Net income 63,510 13,000 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round percentages to 1 decimal place, eg. 12.1%.) BRAMBLE CORP. Condensed Income Statement 2020 2019 Amount Percent Amount Percent Sales $730,000 100.0 % $650,000 100.0 % 480,340 75.6 % 473,850 % 249,660 39.3 % 176,150 % 105,850 16.7 96 84,500 % Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income before income taxes Income tax expense 50,370 7.9 %6 52,000 96 156,220 24.6 % 136,500 % 93,440 14.7 % 39,650 %6 29,930 4.7 96 26,650 Net income $ 63,510 10.0 % $ 13,000 96 e Textbook and Media Save for Later Last saved 1 hour ago. Attempts