Saved Required information (The following information applies to the questions displayed below.) REESE SALES & SERVICE Comparative Income Statement For the Years Ended June 30, 2020 and 2019 2020 2019 Revenue Sales $1,429,000 1,390,000 Less: Sales Returns and Allowances 67,500 62,5ee Net Sales 1,361,500 1,327,500 Cost of Goods Sold 799, 080774,000 Gross Profit 562,500 553, 500 Operating Expenses Selling Expenses 231,500 225,000 General and Administrative Expenses 242,500 230, 600 Total Operating Expenses 474, eee 455,680 Income from Operations before Income Taxes 88,500 97,900 Income Tax Expense 26,550 29,370 Net Income after Income Taxes 61,950 68,530 Using the information shown, prepare a vertical analysis. (Round your final answers to 1 decimal place.)