Operating data for Joshua Corporation are presented below.

		2020		2019
Sales revenue		$754,000		$602,000
Cost of goods sold		469,742		389,494
Selling expenses		124,410		67,424
Administrative expenses		64,844		51,772
Income tax expense		30,160		25,284
Net income		64,844		68,026

Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decimal place, e.g. 48.5%.)

JOSHUA CORPORATION Condensed Income Statements For the Years Ended December 31
	2020				2019
	Amount		Percent		Amount		Percent
Sales revenue	$754,000		%		$602,000		%
Cost of goods sold	469,742		%		389,494		%
Gross profit	284,258		%		212,506		%
Selling expenses	124,410		%		67,424		%
Administrative expenses	64,844		%		51,772		%
Total operating expenses	189,254		%		119,196		%
Income before income taxes	95,004		%		93,310		%
Income taxes expense	30,160		%		25,284		%
Net income	$64,844		%		$68,026		%