Please solve this problem:

Exercise 13-4 operating data for Joshua Corporation are presented below. 2017 2016 $800,000 $600,000 Sales revenue Cost of goods sold 520,000 08,000 Selling expenses 120,000 72,000 Administrative expenses 60,000 48,000 Income tax expense 30,000 24,000 Net income 70,000 48,000 Prepare a schedule showing a vertical analysis for 2017 and 2016. (Round percentages to 1 decimal place, e.g. 12.1%) JOSHUA CORPORATION Condensed Income Statement 2017 2016 Amount Percent Amount Percent $600,000 $800,000 Sales Cost of goods sold 520,000 408,000 192,000 Gross profit 280,000 Selling expenses 120,000 72,000 48,000 60,000 Administrative expenses