Adams Corporation reported the following operating results for two consecutive years:

Required

1. Compute the percentage changes in Adams Corporations income statement components between the two years. (Negative amounts should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4).)

   ADAMS CORPORATION
   Income Statements
   	2018	2017	Percentage Change
   Sales	$1,297,000	$1,003,500		%
   Cost of goods sold	797,655	602,100
   Gross margin	499,345	401,400
   Operating expenses	302,500	195,500
   Income before taxes	196,845	205,900
   Income taxes	61,600	52,000
   Net income (loss)	$135,245	$153,900		%