Operating data for Whispering Winds Corp. are presented below. 2019 2018 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income $800,000 $560,000 485,600 398,720 61,040 42,000 24,640 33,600 128,800 65,600 28,800 91,200 Prepare a schedule showing a vertical analysis for 2019 and 2018. (Round percentages to 1 decimal place, eg, 12.1%.) WHISPERING WINDS CORP Condensed Income Statement For the Years Ended December 31 2019 2018 Amount $800,000 485,600 314,400 Percent Amount 100% $560,000 % 398,720 % 161,280 % 61,040 42,000 Percent Sales 1001 % Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses 128,800 65,600 194,400 120,000 28,800 $91,200 % 103,040 Income before income taxes 58,240 Income tax expense 24,640 Net income % $33,600