(2) Operating data for Poll Corporation are presented below.
2017 2016
Net sales $900,000 $700,000
Cost of goods sold 570,000 450,000
Selling expenses 140,000 90,000
Administrative expenses 80,000 60,000
Income tax expense 33,000 30,000
Net income 77,000 70,000
Instructions
(a) Prepare a schedule showing a vertical analysis for 2017 and 2016.
