Question 26 The following information was taken from the financial statements of Lawson Company: 2018 Gross profit on sales Income before income taxes Net Income Net income as a percentage of net sales 2019 $900,000 280,000 240,000 8 % $840,000 230,000 216,000 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 5 Cost of goods sold as a percentage of net sales 9 96 Compute operating expenses in dollars and as a percentage of net sales for each year. (Income taxes are not operating expenses). (Round percentages to fecimal place 15.24 and all other answers to decimal places... 1,525.) 2019 2018 Operating expenses in dollars Operating expenses as a percentage of net sales Click if you would like to show Work for this question: Don Show Work