Garcia Company reported the following operating results for two consecutive years. Required: Express each income statement component for each of the two years as a percent of sales. (Round your answers to one decimal place. Omit the "$" sign in your response.) Garcia Company Vertical Analysis of Income Statements 2008 % of Sales 2009 % of Sales Sales $600,000 100.0% $580,000 100.0% Cost of Goods Sold 400,000 377,000 Gross Margin 200,000 203,000 Operating Expenses 130,000 150,000 Income Before Taxes 70,000 53,000 Income Taxes 30,000 23,000 Net Income $40,000 $30,000