Operating data for Poll Corporation are presented below 2020 2019 Net sales Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income $920,000 $720,000 561,200 453,600 93,600 64,800 32,400 75,600 138,000 82,800 41,400 96,600 (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 Percent Amount Percent Sales $920,000 $720,000 561,200 358,800 138,000 82,800 220,800 453,600 Cost of goods sold Gross profit Selling expenses 266,400 93,600 64,800 Administrative expenses 158,400 Total operating expenses 108,000 32,400 $75,600 Income before income taxes 138,000 Income taxes expense 41,400 $96,600 Net income