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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

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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 percentage answers to 1 decimal place. (.e., 0.234 should be entered as 23.4).) JORDAN CORPORATION Income Statements Percentage Change % kes Sales Cost of goods sold Gross margin Operating expenses Income before taxes Year 3 Year 2 $ 1,295,000 $ 1,001,500 796,425 600,900 498,575 400,600 301,000 197,000 197,575 203,600 61 800 52,600 $ 135,775 $ 151,000 Income taxes Net income (loss)

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