Operating data for Sunland Land Corporation are presented below: December 31, 2021 December 31, 2020 Sales revenue $ 840,000 $ 640,000 Cost of goods sold 488,040 398,080 127,680 85,760 Selling expenses Administrative expenses Income tax expense 88,200 62,080 31,080 33,280 Net income 105,000 60,800 Prepare a schedule showing a vertical analysis for 2021 and 2020. (Round percentages to 1 decimal place, eg. 12.1%.) 2021 2020 Amount Percentage Amount Percentage Sales revenue $ 840,000 % % $ 640,000 488,040 Cost of goods sold % 398,080 % Gross profit 351,960 % 241.920 % % Selling expenses 127,680 % 85,760 Administrative expenses 88,200 % 62,080 %6 Total operating expenses 215,880 % 147,840 % Income before income taxes 136,080 % 94,080 % Income tax expense 31,080 % 33,280 % Net income $ 105,000 % $ 60,800 %