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question 2 all the blanks please Operating data for Sunland Corporation are presented as follows. 2022 2021 $605,000 Net sales $746,000 468,488 387,200 Cost of
question 2 all the blanks please
Operating data for Sunland Corporation are presented as follows. 2022 2021 $605,000 Net sales $746,000 468,488 387,200 Cost of goods sold 96,980 Selling expenses 67,760 61,172 55,660 Administrative expenses 26,015 Income tax expense 30,713 89.147 68,365 Net income rohodule showing a vertical analysis for 2022 and 2021. (Rou SUNLAND CORPORATION Condensed Income Statements 2022 2021 Amount Percent Amount Percent Net sales $746,000 % $605,000 % Cost of goods sold 468.488 % 387,200 % % % Gross profit 277,512 % 217,800 % Selling expenses 96,980 % 67,760 %6 Administrative expenses 61.172 % % 55,660 % Total operating expenses 158,152 % 123.420 % Income before income taxes 119,360 % 94,380 % -/1 E Question 2 of 4 Amount Percent Amount Percent % Net sales $746,000 % $605,000 % 468,488 % Cost of goods sold 387,200 277,512 Gross profit % 217.800 % % Selling expenses 96,980 % 67.760 Administrative expenses 61.172 % 55,660 % % Total operating expenses 158,152 % 123,420 Income before income taxes 119,360 % % 94.380 Income taxes expense 30.213 % % 26.015 $89.147 Net income 96 $68,365 % Step by Step Solution
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