Operating data for Sheridan Corporation are presented as follows. 2022 2021 Net sales $749.000 $403.000 Cost of goods sold 447,376 390.744 sellingexpenses 118,342 49.948 Administrative expenses 58,422 59094 Income tax expense 29,211 26432 Net Income 73649 Preparea schedule showing a vertical analysis for 2022 and 2021 (Round grewers to 1 decimal place, 2 4853) SHERIDAN CORPORATION Condensed Income Statements For the Years Ended December 31 2022 2021 Amount Percent Amount Percent Net sales $749000 242 242 Cost of goods sold 447.376 19 6 390.744 Gross profit 281624 212 2560 Selling expenses 119,342 691 49.949 Administrative expenses 98,422 39 094 Total operating expenses 174,764 369 129 042 Income before income taxes 104,840 93.214 Income tax expense 29 211 10 24532 Net income $75.649 334