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4. Rundle Company reported the following operating results for two consecutive years: Required Compute each Income statement component for each of the two years as a percentage of sales. (Percentages may not add exactly due to rounding. Round your percentage answers to 1 decimal place. (l.e., 0.234 should be entered as 23.4).) eBook Hint Percentage of Sales Print Sales Cost of goods sold Gross margin on sales Operating expenses Income before taxes Income taxes RUNDLE COMPANY Vertical Analysis of Income Statements Year 4 Percentage of Sales Year 3 S 1,003,000 % $ 1,082,500 551,650 600 200 451,350 482,300 130,600 151,200 320,750 331,100 80,900 82,400 S 239,850 % 248,700 Net income