Operating data for Novak Corp. are presented below. Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2020 $870,000 579,420 119.190 62,640 30,450 78,300 2019 $630,000 449,190 82,530 54,180 25.830 18,270 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round percentages to 1 decimal place, eg. 12.1%) NOVAK CORP. Condensed Income Statement 2019 2020 Percent Amount Percent Amount %6 Sales $870,000 96 $630,000 %6 579,420 449,190 96 Cost of goods sold 290,580 % 180,810 Gross profit % 96 119,190 % 82.530 62,640 % 54,180 % Selling expenses Administrative expenses Total operating expenses Income before income taxes 181,830 % 136,710 108,750 %6 44,100 Income tax expense 30,450 %6 25,830 % Net income $78,300 % $ 18.270 96