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Operating data for Marigold Corp. are presented below. Prepare a schedule showing a vertical analysis for 2019 and 2018. (Round percentages to 1 decimal place, e.g. 12.1\%) MARIGOLD CORP. Condensed Income Statement For the Month Ended December 31 \begin{tabular}{|c|c|c|c|c|c|c|} \hline & & 19 & & & & \\ \hline & Amount & Percent & & Amount & Percent & \\ \hline Sales & $780,000 & & % & $580,000 & & % \\ \hline Cost of goods sold & 478,920 & 2 & % & 409,480 & & % \\ \hline Gross profit & 301,080 & & % & 170,520 & & % \\ \hline Selling expenses & 120,120 & & % & 67,860 & & % \\ \hline Administrative expenses & 56,160 & & % & 49,300 & & % \\ \hline Total operating expenses & 176,280 & & % & 117,160 & & % \\ \hline Income before income taxes & 124,800 & ? & % & 53,360 & & % \\ \hline Income tax expense & 28,080 & & % & 23,200 & & % \\ \hline Net income & $96,720 & & % & $30,160 & & % \\ \hline \end{tabular}
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