Baird Corporation reported the following operating results for two consecutive years: Required a. Compute the percentage changes in Baird Corporation's 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).) BAIRD CORPORATION Income Statements 2018 2017 Percentage Change % Sales Cost of goods sold Gross margin Operating expenses Income before taxes Income taxes Net income (loss) $ 1,295,000 $ 1,001,500 796,425 600,900 498,575 400,600 302,500 199,000 196,075 201,600 61,200 52,200 $ 134,875 $ 149,400 %