Q1) Operating data for Gallup Corporation are presented below.
2009 2008
Sales $750,000 $600,000
Cost of Goods Sold 465000 390000
Selling Expenses 120000 72000
Administrative Expenses 60000 54000
Income Tax Expense 33000 24000
Net Income 72000 60000
Make a schedule illustrating vertical analysis for 2009 and 2008.