Operating data for Concord Corporation are presented belovw 2019 2018 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income $830,000 553,610 127,820 58,100 31,540 58,930 $560,000 366,240 62,720 43,680 21,280 66,080 Prepare a schedule showing a vertical analysis for 2019 and 2018. (Round percentages to 1 decimal place, eg, 12.1%.) CONCORD CORPORATION Condensed Income Statement For the Years Ended December 31 2019 2018 Amount $830,000 553,610 276,390 127,820 58,100 185,920 Income before income taxes 90,470 31,540 $58,930 Percent Amount 96 $560,000 % 366,240 193,760 62,720 43,680 106,400 87,360 21,280 % $66,080 Percent Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income tax expense Net income