Franklin Corporation reported the following operating results for two consecutive years: Required a. Compute the percentage changes in Franklin Corporations 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., 0.234 should be entered as 23.4).)

Percentage Change Sales Cost of goods sold Gross margin Operating expenses Income before taxes Income taxes Net income (loss) FRANKLIN CORPORATION Income Statements Year 3 Year 2 $ 1,297,000 $ 1,003,500 797,655 602.100 499,345 401,400 302,500 195,000 196,845 206,400 61,300 52,700 $ 135,545 $ 153,700