e. Cost of goods sold percentage for 2016. f. Gross profit margin percentage for 2014. g. Gross profit margin percentage for 2015. h. Gross profit marginpercentage for 2016. i. Operating profit margin percentage for 2014. j. Operating profit margin percentage for 2015. k. Operating profit margin percentage for 2016. 1. Average tax rate percentage for 2014. CHAPTER 3 Income Statement and Statem come Statement and Statement of Stockholders' Equity 2014 Moon Company Income Statements for the Years Ended December 31, 2016, 2015 and 2014 2015 2016 Net sales Cost of goods sold Gross profit Operating expenses Operating profit Income taxes Net income $220,000 169,000 $ 51,000 26,000 $ 25,000 7,800 $ 17,200 $196,000 147,000 $ 49,000 25,000 $ 24,000 7,500 $ 16,500 $150,000 108,000 $ 42,000 20,000 $ 22,000 7,000 $ 15,000 1 Inn from the following single