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Using the following operating data for Teal Mountain Corporation. 2020 2019 Net sales $370,000 $330,000 Cost of goods sold 216,080 176,000 Operating expenses 110,630

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Using the following operating data for Teal Mountain Corporation. 2020 2019 Net sales $370,000 $330,000 Cost of goods sold 216,080 176,000 Operating expenses 110,630 101,500 Net income 43,290 52,500 Prepare a schedule showing a vertical analysis for 2020. (Round percentage answers to 1 decimal place, e.g. 15.2%.) > Amount Percent % % % % $ %

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