Operating data for Cullumber Corporation are presented as follows. Prepare a schedule showing a vertical...
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Operating data for Cullumber Corporation are presented as follows. Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round answers to 1 decimal place, e.g. 48.5\%.) CULLUMBER CORPORATION Condensed Income Statements SUPPORT Question 2 of 3 \begin{tabular}{|c|c|c|c|c|} \hline Administrative expenses & 58,135 & % & 54,360 & % \\ \hline Total operating expenses & 176,670 & % & 129,860 & % \\ \hline Income before income taxes & 114,005 & % & 87,580 & % \\ \hline Income taxes expense & 34,202 & % & 28,992 & % \\ \hline Net income & $79,803 & % & $58,588 & % \\ \hline \end{tabular}
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