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Revenue and expense data for Reuters Company are as follows: 2016 2015 Administrative expenses $24,750...

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Accounting

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Revenue and expense data for Reuters Company are as follows: 2016 2015 Administrative expenses $24,750 $18,000 Cost of goods sold 500,000 375,000 Income tax 11,600 12,000 Net sale 750,000 600,000 Selling expenses 182,250 154, 800 Prepare a comparative income statement, with vertical analysis, stating each item for both 2016 and 2015 as a percent of sales. Round percentage values to one decimal place and state as a whole number. Do not enter the percent sign

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