81 Category Prior Year Current Year ??? Accounts payable ??? unanswered Accounts receivable 320,715 397,400 not_submitted Attempts Remaining: Infinity Accruals 40,500 33,750 Additional paid in capital 541,650 500,000 17,500 Cash 47,500 105,000 Common Stock 94,000 COGS 328,500 430,092.00 33,750 35,000 Current portion long-term debt Depreciation expense 54,000 54,433.00 Interest expense 40,500 42,287.00 Inventories 279,000 288,000 Long-term debt 335,985.00 401,366.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 161,703.00 Retained earnings 306,000 342,000 Sales 639,000 853,914.00 Taxes 24,750 47,518.00 What is the entry for the current year's taxes on a common-sized income statement? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal