ACC 280 E15-2Operating data for Gallup Corporation are presented below.XACC 280

ACC 280 E15-2Operating data for Gallup Corporation are presented below.XACC 280 E15-2Operating data for Gallup Corporation are presented below.ANSWER KEYPrinciples
of Accounting: Weygandt J. J. Kimmel P. D. & Kieso D. E.
(2008). Financial Accounting (6th ed.). Hoboken NJ: Wiley.Axia College of University of Phoenix (UoP)E15-2Operating data for Gallup Corporation are presented below.2009 2008Sales $750000 $600000Cost of goods sold 465000 390000Selling expenses 120000 72000Administrative expenses 60000 54000Income tax expense 33000 24000 Net income 72000 60000InstructionsPrepare a schedule showing a vertical analysis for 2009 and 2008.