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Question 26 The following information was taken from the financial statements of Lawson Company: 2019 2018 Gross profit on sales $900,000 5840,000 Income before income taxes 280,000 230,000 Net Income 240,000 216,000 Net income as a percentage of net sales 8 9 Compute the net sales for each year, 2019 2018 Net Sales Compute the cost of goods sold in dollars and as a percentage of net sales for each year. 2019 2018 Cost of goods sold in dollars $ Cost of goods sold as a percentage of net sales Compute operating expenses in dollars and as a percentage of natales for each year. (Income taxes are not operating expenses). (Round percentages to 1 domace 133 other answers to decimal places, .g. 1,525.) 2018 Operating expenses in dollars 2019 Operating expenses as a percentage of net sales Click if you would like to show Work for this question: Open Show Work