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 percent of sales. (Percentages may not add exactly due to rounding. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4).) 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 Percentage of Year 4 $ 998,500 549,175 449,325 130,700 318,625 79,300 $ 239,325 % Year 3 Sales Percentage of Sales % $ 1,080,500 % 599,200 481,300 150,200 331,100 80,000 EA $ 251,100 %