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Operatipg data for Sheridan Corporation are presented below. (a) Prepare a schedule showing a vertical...

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Accounting

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Operatipg data for Sheridan Corporation are presented below. (a) Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decimal place, e.g. 15.2\%.) For the Years Ended December 31 2020 2019 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income before froome taxes Income taxes exponse Net income Amount $920,000 Percent 561,200 358,800 147,200 82.800 230,000 128,800 38.640 $90,160 Amount %$690,000 \begin{tabular}{r|rlr} \hline & % & & 455.400 \\ \cline { 1 - 1 } & % & & 234,600 \\ \hline% & & 89.700 \end{tabular} %62,100 Percent % % % 10 151.800% 82,800 %24.840 - $57,960

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