Franklin Corporation reported the following operating results for two consecutive years: Required a. Compute the percentage changes in Franklin Corporation's income statement componen Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4).) NKLIN CORPORATION Income Statements 2018 Percentage Change 2017 3 $ 1,299,000 $ 1,004,000 602,400 Sales Cost of goods sold798,885 6 Gross margin Operating expenses Income before taxes Income taxes 500,115401600 195,000 206,600 61,60052,100 Net income (loss) $ 134515 154,500 304,000 196,115