Jordan Corporation reported the following operating results for two consecutive years: Required a. Compute the percentage changes in Jordan Corporation's 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., .234 should be entered as 23.4).) Answer is complete but not entirely correct. JORDAN CORPORATION Income Statements 2018 2017 Percentage Change 29.8 $1,299,000 $1,000,500 % 798,885 600,300 400,200 Sales Cost of goods sold Gross margin Operating expenses Income before taxes Income taxes Net income (loss) 500,115 301,000 33.1 25.0 53.2 196,500 199,115 61,300 $ 137,815 203,700 53,000 $ 150,700 97.7 15.7 91.4 % Perez 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).) Percentage of Sales Sales Cost of goods sold Gross margin on sales Operating expenses Income before taxes Income taxes Net income PEREZ COMPANY Vertical Analysis of Income Statements 2019 Percentage of 2018 Sales $ 1,005,000 % $ 1,081,500 552,750 599,200 452,250 482,300 129,900 150,000 322,350 332,300 81,000 83,000 $ 241,350 % $ 249,300