Prepare a schedule showing a vertical analysis

Question

Question:

                                            2009               2008
Sales                                $750,000         $600,000
Cost of goods sold               465,000           390,000
Selling expenses                  120,000            72,000
Administrative expenses         60,000            54,000
Income tax expense               33,000            24,000
Net income                            72,000             60,000

Instructions

Prepare a schedule showing a vertical analysis for 2009 and 2008.