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 Income taxes Net income RUNDLE COMPANY Vertical Analysis of Income Statements Year 4 Percentage of Year 3 Sales $ 1,001,500 % $ 1,084,000 550,825 600,800 450,675 483,200 130,400 151,400 320,275 331,800 79,500 81,800 240.775 % $ 250.000