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. (ie234 should be entered as 23.4).) JORDAN COMPANY Vertical Analysis of Income Statements Year 4 Percentage of Year 3 Sales Percentage of Sales $ >$ Sales Cost of goods sold Gross margin on salas Operating expenses Income before taxes Income taxes Net income 997,500 548,625 448,875 129,200 319,675 B0,800 238,875 1.080,500 590,800 481.700 149,600 332 100 80.400 251,700 $ $