Stuart Company reported the following operating results for two consecutive years: Required Compute each income statement component for each of the two years as a percentage of sales. (Percentages may not add exactly due to rounding. Round your percentage answers to 1 decimal place. (i.e., 0.234 should be entered as 23.4).) Sales Cost of goods sold Gross margin on sales Operating expenses Income before taxes Income taxes Net income STUART COMPANY Vertical Analysis of Income Statements Year 4 Percentage of Sales Year 3 Percentage of Sales $ 1,005,000 % $ 1,082,500 % 552,750 599,000 452,250 483,500 129,300 148,800 322,950 334,700 80,900 82,400 $ 242,050 % $ 252,300 %