Question 2 of 5

Question 2 of 5 View policies Current Attempt in Progress Operating data for Panola Land Corporation arc prcscntcd bclow, - / 20 Sales revenue Cost of goods sold Sellingexpenses Administrative expenses Income tax expense Net income 2021 $800,000 480.000 120,000 80000 24.000 96,000 2020 6600.000 390,000 78,000 54,000 25.000 53,000 prepare a schedule showing a vertical analysis for 2021 and 2020. (Round percentage answers to 1 decimo' place, e.g. 15.2%.) PANOLA LAND COMPANY Condensed Income Statement 2021 Total operating expenses Amount g oo_wo percent Amount