Operating data for Conard Corporation are presented below.
| 2014 | 2013 | ||
| Net sales | 750,000 | 600,000 | |
| Cost of goods sold | 480,000 | 408,000 | |
| Selling expenses | 105,000 | 84,000 | |
| Administrative expenses | 75,000 | 54,000 | |
| Income tax expense | 36,000 | 18,000 | |
| Net income | 54,000 | 36,000 |
Instructions
Prepare a schedule showing a vertical analysis for 2014 and 2013.
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