4. Campbell Company reported the following operating results for two consecutive years: Skipped 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).) eBook Hint Percentage of Sales Print % Sales Cost of goods sold Gross margin on sales Operating expenses Income before taxes Income taxes CAMPBELL COMPANY Vertical Analysis of Income Statements Year 4 Percentage of Year 3 Sales $ 999,000 % $ 1,081,000 549,450 601,000 449,550 480,000 130,300 149,800 319,250 330,200 79,600 81,400 $ 239,650 % $ 248,800 Net income