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Operating data for Poll Corporation are presented below 2020 2019 $910,000 $710,000 573,300 454,400 136,500 92,300 Administrative expenses 81,900 56,800 35,490 31,950 82,810 74,550 Net
Operating data for Poll Corporation are presented below 2020 2019 $910,000 $710,000 573,300 454,400 136,500 92,300 Administrative expenses 81,900 56,800 35,490 31,950 82,810 74,550 Net sales Cost of goods sold Selling expenses Income tax expense Net income (a) Prepare a schedule showing a vertical analysis for 2020 and 2019, (Round answers to 1 decimal place, eg. 15.2%) POLL CORPORATION Condensed Income Statements For the Years Ended December 31 2020 2019 Amount $910,000 573,300 336,700 136,500 81,900 218,400 118,300 35,490 $82,810 Percent Amount % $710,000 % 454,400 % 255,600 % 92,300 % 56,800 % 149,100 % 106,500 % 31,950 % $74,550 Percent Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income before income taxes Income taxes expense Net income 0 0 0
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