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Operating data for Crane Corporation arepresented as follows. Prepare a schedule showing a vertical analysis for 2022 and 2021 . (Round answers to 1 decimol
Operating data for Crane Corporation arepresented as follows. Prepare a schedule showing a vertical analysis for 2022 and 2021 . (Round answers to 1 decimol place, eg. 48.5X) \begin{tabular}{|c|c|c|c|c|c|c|} \hline & Amount & Percent & & Amount & Percent & \\ \hline Net sales & 5754,000 & & % & $,602,000 & & %6 \\ \hline Cost of goods sold & 459,940 & & % & 389,494 & 4 & % \\ \hline Gross profit & 294.060 & & % & 212,506 & & % \\ \hline Selling expenses & 109,330 & & % & 67,424 & & % \\ \hline Administrative expenses & 64.844 & & % & 54,180 & & % \\ \hline Total operating expenses & 174,174 & & % & 121,604 & & % \\ \hline Income before income taxes & 119886 & & % & 90,902 & & % \\ \hline Income taxes expense & 31,442 & & % & 26,488 & & % \\ \hline Net income & $88,444 & & % & $64,414 & & % \\ \hline \end{tabular}
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