Prepare vertical analysis Operating data for Taylor Corporation are presented below. Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2018 $800,000 520,000 120,000 60,000 30,000 70,000 2017 $600,000 408,000 72,000 48,000 24,000 48,000 Instructions Prepare a schedule showing a vertical analysis for 2018 and 2017. NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?". Sales Revenue Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income before income taxes Income tax expense Net income Taylor CORPORATION Condensed Income Statement For the Years Ended December 31 2018 Amount Percent $800,000 ? 520,000 6500.0% ? ? 120,000 ? 60,000 ? ? ? ? ? 30,000 ? ? ? 2017 Amount Percent $600,000 ? 408,000 6800.0% ? ? 72,000 ? 48,000 ? ? ? ? ? 24,000