Operating data for Joshua Corporation are presented below. Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2020 $745,000 459,665 114,730 55.130 28,310 87.165 2019 $595,000 384.965 67.235 48.790 19,040 74,970 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decimal place, eg. 48.5%.) 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 $745,000 % $595,000 2019 Percent Sales revenue 9% Cost of goods sold 459,665 % 384,965 % Gross profit 285,335 % 210,035 % 114,730 % 67,235 % Selling expenses Administrative expenses 55,130 % 48.790 96 Total operating expenses 169,860 % 116.025 90 Income before income taxes 115,475 % 94.010 % Income taxes expense 28,310 % 19.040 % Net income $87,165 % $74.970 %