Operating data for Whispering Winds Corp. are presented below. 2017 2016 Sales revenue $843,200 $649,500 Cost of goods sold 530,500 410,300 Selling…

Hello, can you help me answer this question. I have to perform a vertical analysis

Operating data for Whispering Winds Corp. are presented below.20172016Sales revenue$843,200$649,500Cost of goods sold530,500410,300Selling expenses124,10073,600Administrative expenses77,20053,900Income tax expense38,90024,600Net income72,50087,100Prepare a schedule showing a vertical analysis for 2017 and 2016. (Round percentages to 1 decimal place, e.g. 12.1%.)WHISPERING WINDS CORP.Condensed Income Statement20172016AmountPercentAmountPercentSales$843,200$649,500Cost of goods sold530,500410,300Gross profit312,700239,200Selling expenses124,10073,600Administrative expenses77,20053,900Total operating expenses201,300127,500Income before income taxes 111,400111,700Income tax expense38,90024,600Net income$ 72,500$ 87,100Click if you would like to Show Work for this question: Open Show Work

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