Operating data for Bridgeport Corp. are presented as follows.

		2022		2021
Sales revenue		$826,200		$641,300
Cost of goods sold		520,506		410,432
Selling expenses		119,799		76,956
Administrative expenses		74,358		51,304
Income tax expense		37,179		25,652
Net income		74,358		76,956

Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.)

BRIDGEPORT CORP. Condensed Income Statement Choose the accounting period December 31For the Month Ended December 31For the Years Ended December 31
	2022					2021
	Amount		Percent			Amount		Percent
Sales	$826,200		Enter percentages	%		$641,300		Enter percentages	%
Cost of goods sold	520,506		Enter percentages	%		410,432		Enter percentages	%
Gross profit	305,694		Enter percentages	%		230,868		Enter percentages	%
Selling expenses	119,799		Enter percentages	%		76,956		Enter percentages	%
Administrative expenses	74,358		Enter percentages	%		51,304		Enter percentages	%
Total operating expenses	194,157		Enter percentages	%		128,260		Enter percentages	%
Income before income taxes	111,537		Enter percentages	%		102,608		Enter percentages	%
Income tax expense	37,179		Enter percentages	%		25,652		Enter percentages	%
Net income	$ 74,358		Enter percentages	%		$ 76,956		Enter percentages	%

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