E15-2 Operating data for Gallup Corporation are presented below.

E15-2 Operating data for Gallup Corporation are presented below.

2009                2008

Sales                                        $750,000         $600,000

Cost of goods sold                   465,000           390,000

Selling expenses                      120,000           72,000

Administrative expenses          60,000                         54,000

Income tax expense                 33,000                         24,000

Net income                              72,000                         60,000

Instructions

Prepare a schedule showing a vertical analysis for 2009 and 2008.