1. Compute the percentage of changes in the income statement components between the two years. (Negative amounts should be indicated by a minus sign. Round your answers to 1 decimal place.

$ Sales Cost of goods sold Gross margin Operating expenses Income before taxes Income taxes Net income (loss) Income Statements 2018 2017 1,299,000 $1,001,000 798,885 600,600 500, 115 400,400 301,500 199,000 198,615 201,400 61,600 52,600 137,015 $ 148,800 Percentage Change 29.8% 33.0 24.9 51.5 $