Question 8 of 10 -11 View Policies Current Attempt in Progress Operating data for Flounder Corp. are presented below. Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2022 $825,400 527,300 125,600 75,500 36,700 60,300 2021 $628,400 412,700 76,800 52,800 29,200 56,900 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, eg. 12.1%) FLOUNDER CORP Condensed Income Statement 2022 Percent Amount 2021 Percent Amount Sales $825.400 %6 $628.400 % Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, eg, 12.1%) PLOUNDER CORP Condensed Income Statement 2022 Percent 2021 Percent Amount Amount % Sales $825,400 $628,400 527.300 % 412,700 Cost of goods sold Gross profit % % % %6 298,100 % 215,700 125,600 %6 76,800 75,500 % 52,800 201,100 % 129,600 % Selling expenses Administrative expenses Total operating expenses Income before income taxes Income tax expense Net income 97.000 % 86,100 36,700 29,200 $ 60,300 % $ 56,900 96