Jordan Company reported the following operating results for two consecutive years Required Compute each income statement component for each of the two years as a percent of sales. (Percentages may not add exactly due to rounding. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4).) JORDAN COMPANY Vertical Analysis of Comparative Income Statement Percentage of Sales Percentage of Sales 2015 2014 Sales Cost of goods sold Gross margin on Operating expenses Income before taxes Income taxes Net income S 1,004,000 552,200 451,800 130,100 321,700 80.200 $ 241,500 100.01%| $ 1,082,000 599,200 482,800 151,400 331,400 82,800 24.11% $ 248.600 100.01% 55.0 45.0 13.0 32.0 sales 7.7