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Operating data for Blossom Land Corporation are presented below: December 31, 2021 December 31, 2020 Sales revenue $860,000 $660,000 Cost of goods sold 491,920

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Operating data for Blossom Land Corporation are presented below: December 31, 2021 December 31, 2020 Sales revenue $860,000 $660,000 Cost of goods sold 491,920 401.940 Selling expenses 131,580 89,760 Administrative expenses 92,020 65,340 Income tax expense 35,260 36,300 Net income 109,220 66,660 Prepare a schedule showing a vertical analysis for 2021 and 2020. (Round percentages to 1 decimal place, eg. 12.1%) BLOSSOMLAND COMPANY Condensed Income Statement For the Years Ended December 31 Amount Sales revenue $860,000 2021 2020 Percentage Amount Percentage 1% $660,000

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