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. (i.e., 0.234 should be entered as 23.4).) Percentage of Sales % Sales Cost of goods sold Gross margin on sales Operating expenses Income before taxes RUNDLE COMPANY Vertical Analysis of Income Statements Year 4 Percentage of Year 3 Sales $ 1,001,500 % $ 1,079,000 550,825 599,000 450,675 480.000 129.600 148,000 321,075 332,000 79,400 84.000 $ 241,675 % $ 248,000 Income taxes Net income