Question 6 of 9 Current Attempt in Progress Operating data for Martinez Corp. are as follows. 2022 2021 Sales revenue $750,000 $590,000 Cost of goods sold 441,750 364,030 Selling expenses 102,000 74,340 Administrative expenses 55,500 50,150 Income tax expense 30,000 23,010 Net income 120,750 78,470 -15 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.) Sales MARTINEZ CORP. Condensed Income Statement 2022 Amount Percent $750,000 2021 Amount Percent % $590,000 !!! % Cost of goods sold 441,750 % 364,030 % Gross profit 308,250 % 225,970 % Selling expenses 102,000 % 74,340 % Administrative expenses 55,500 % 50,150 % Total operating expenses 157,500 % 124,490 % Income before income taxes 150,750 % 101,480 % Income tax expense 30,000 % 23,010 % Net income $ 120,750 % $ 78,470 %