Operating data for Indigo Corporation are presented as follows.

		2022		2021
Net sales		$810,000		$590,000
Cost of goods sold		535,410		371,700
Selling expenses		124,740		66,080
Administrative expenses		59,940		44,840
Income tax expense		27,540		24,190
Net income		62,370		83,190

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

INDIGO CORPORATION Condensed Income Statement December 31 2022 2021 Amount Percent Amount Percent Net sales $810,000 100 % $590,000 % Cost of goods sold 535,410 70 % 371,700 % Gross profit 274,590 30 % 218,300 % Selling expenses 124,740 20 % 66,080 % Administrative expenses 59,940 10 % 44,840 % Total operating expenses 184,680 % 110,920 % Income before income taxes 89,910 % 107,380 % Income tax expense 27,540 % 24,190 % Net income $ 62,370 % $ 83,190 %