Baird Corporation reported the following operating results for two consecutive years: Required a. Compute the percentage changes in Baird Corporations 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).)

BAIRD CORPORATION Income Statements Year 3 Year 2 Percentage Change Sales 29.4 % $1,298,000 798,270 32.6 Cost of goods sold Gross margin Operating expenses $1,002,000 601,200 400,800 199,000 24.6 52.4 X Income before taxes 499,730 300,500 199,230 61,500 $ 137,730 (2.7) X Income taxes 201,800 52,200 $ 149,600 16.9 x Net income (loss) (9.7) X %