Operating data for Joshua Corporation are presented below. 2020 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income $751,000 464,869 120,160 60,831 29,289 75,851 $597,000 389,244 72,237 48,954 21,492 65,073 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 Amount Percent Amount 2019 Percent Sales revenue $751,000 $597,000 Cost of goods sold 464,869 389,244 Gross profit 286,131 207,756 Selling expenses 120,160 72,237 Administrative expenses 60,831 48,954 Total operating expenses 180,991 121,191 Income before income taxes 105,140 86,565 Income taxes expense 29 289 21,492 Help System Announcements Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 464,869 120,160 60,831 29,289 75,851 389,244 72,237 48,954 21,492 65,073 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decimal JOSHUA CORPORATION Condensed Income Statements For the Years Ended December 31 2020 Amount Percent Amount 2019 Percent Sales revenue $751,000 $597,000 Cost of goods sold 464,869 389,244 Gross profit 286,131 207,756 * Selling expenses 120,160 72,237 Administrative expenses 60,831 48,954 * Total operating expenses 180,991 121,191 * Income before income taxes 105,140 86,565 Income taxes expense 29,289 21,492 Net Income 575,851 $65,073 Click if you would like to show Work for this question: Onen Show Work