Operating data for Wildhorse Corporation are presented as follows.

		2022		2021
Net sales		$750,000		$599,000
Cost of goods sold		468,750		394,741
Selling expenses		97,500		70,083
Administrative expenses		63,750		55,707
Income tax expense		28,350		23,960
Net income		91,650		54,509

Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round answers to 1 decimal place, e.g. 48.5%.)

WILDHORSE CORPORATION Condensed Income Statements choose the accounting period December 31For the Year Ended December 31For the Month Ended December 31
	2022				2021
	Amount		Percent		Amount		Percent
Net sales	$750,000		enter percentages %		$599,000		enter percentages %
Cost of goods sold	468,750		enter percentages %		394,741		enter percentages %
Gross profit	281,250		enter percentages %		204,259		enter percentages %
Selling expenses	97,500		enter percentages %		70,083		enter percentages %
Administrative expenses	63,750		enter percentages %		55,707		enter percentages %
Total operating expenses	161,250		enter percentages %		125,790		enter percentages %
Income before income taxes	120,000		enter percentages %		78,469		enter percentages %
Income taxes expense	28,350		enter percentages %		23,960		enter percentages %
Net income	$91,650		enter percentages %		$54,509		enter percentages %