Revenue and expense data for Tempet Company are as follows:

Year 2 Year 1

Administrative Expenses 37,000 20,000

Cost of Goods Sold 350,000 320,000

Income Tax 40,000 32,000

Sales 800,000 700,000

Selling Expenses 150,000 110,000

a) Prepare a comparative income statement, with vertical analysis, stating each item for both years as a percent of sales. Round Percentages to one decimal place. SHOW WORK.