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 answers to 1 decimal place. (I.e., 0.234 should be entered as 23.4).) CAMPBELL COMPANY Vertical Analysis of Income Statements Sales Cost of goods sold Gross margin on sales Operating expenses Income before taxes Income taxes Net income Year 4 Percentage of Sales Year 3 Percentage of Sales $ 995,500 % S 1,084,000 547,525 599,400 447,975 484,600 130,300 149,600 317,675 335,000 79,300 81,000 $ 238,375) $ 254,000