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QUESTION

Operating data for Poll Corporation are presented below.

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.

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