Question 2 View Policies Current Attempt in Progress Operating data for Ayayal Corp. are presented below. 2018 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net Income $730,000 $630,000 476,690 422,730 107,310 73710 28,470 59.130 28,350 57,960 Prepare a schedule showing a vertical analysis for 2019 and 2018. (Round percentages to 1 decimal place, 12.18 AYAYAI CORP. Condensed Income Statement 2019 Percent Amount Percent Amount $730,000 % % $630,000 422,730 Cost of goods sold 476,690 Gross profit 253,310 207,270 Selling expenses 107,310 73.710 47.250 Administrative expenses 58.400 Total operating expenses 120,960 165,710 87,600 Income before income taxes 86,310 28,470 Income tax expense 28,350 Net Income $ 57,960 $59.130 eTextbook and Media Attempts: 0