35. The following question refers to Carlita Company's 2014 Income Statement. Carlita's 2014 gross margin percentage is 50% 33% 30% 25% Carlita Company Income Statement for Year Ending December 31,2014 Sales.. Less: Cost of Goods Sold. Gross Margin.... Less: Operating Expenses. Operating Income... Less: Interest Expense.. Income Before Taxes... Less: Tax Expense... Net Income. $120,000 90,000 $30,000 10,000 $20,000 2,000 $18,000 6,000 $12,000