Operating data for Wildhorse Corporation are presented as follows.
2025
2024
Net sales
$848,000
$637,800
Cost of goods sold
529,300
409,500
Selling expenses
124,900
75,900
Administrative expenses
73,700
50,700
Income tax expense
36,200
28,900
Net income
83,900
72,800
Prepare a schedule showing a vertical analysis for 2025 and 2024. (Round percentages to 1 decimal place, e.g. 12.1%).
WILDHORSE CORPORATION
Condensed Income Statements
2025
Amount
Percent
$
2024
Amount
Percent
%
$
%
%
%
%
%
%
%
%
%
%
%
%
%
%
%
$
%
$
%