Operating data for Oriole Corporation are presented as follows. 2022 2021 Net sales $749,000 $603,000 Cost of goods sold 467,376 390,744 Selling expenses 118,342 69,948 Administrative expenses 58,422 59,094 Income tax expense 31,458 26,532 Net income 73,402 56,682 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round answers to 1 decimal place, e.g. 48.5%.) ORIOLE CORPORATION Condensed Income Statements 2022 Amount Percent 2021 Amount Percent Net sales $749,000 % $603,000 % Cost of goods sold 467,376 % 390,744 % Gross profit 281,624 % 212,256 % Selling expenses 118,342 % 69,948 % Administrative expenses 58,422 % 59,094 % Total operating expenses 176,764 % 129,042 % Income before income taxes 104,860 % 83,214 % Income taxes expense Net income eTextbook and Media 31,458 % 26,532 % $73,402 % $56,682 % Assistance Used