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m. Franklin Corporation reported the following operating results for two consecutive years: Required a. Compute the percentage changes in Franklin Corporation's Income statement components between the two years. (Negative amounts should be indicated by a minus sign. Round your percentage answers to 1 decimal place. (I.e., 0.234 should be entered as 23.4).) eBook FRANKLIN CORPORATION Income Statements Hint Year 3 Year 2 Percentage Change % Print Sales Cost of goods sold Gross margin Operating expenses Income before taxes S 1,297,000 $ 1.002.000 797,655 601,200 499,345 400.800 304,500 197,500 194,845 203,300 61,300 52,500 S 133,545 $ 150.800 Income taxes Net income (loss) %