Solve the below problem:
Q: Vertical Analysis of Income Statement Revenue and expense data for Rogan Technologies are as follows: 2012 2011 Sales 606,000 527,000 Cost of Goods sold 333,300 252,960 Selling Expenses 109,080 110,670 Administrative expenses 115,140 100,130 Income tax expense 18,180 26,350 Prepare an income statement in comparative form, stating each item for 2012 and 2011 as a percent of sales