Operating data for Joshua Corporation are presented below.

		2020		2019
Sales revenue		$753,000		$597,000
Cost of goods sold		466,107		386,259
Selling expenses		123,492		68,655
Administrative expenses		57,228		51,939
Income tax expense		30,120		22,686
Net income		76,053		67,461

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	$753,000		%		$597,000		%
Cost of goods sold	466,107		%		386,259		%
Gross profit	286,893		%		210,741		%
Selling expenses	123,492		%		68,655		%
Administrative expenses	57,228		%		51,939		%
Total operating expenses	180,720		%		120,594		%
Income before income taxes	106,173		%		90,147		%
Income taxes expense	30,120		%		22,686		%
Net income	$76,053		%		$67,461		%