Sharma 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 salos Operating expenses Income before taxes Income taxes Net income SHARMA COMPANY Vertical Analysis of Income Statements Year 4 Percentage of Year 3 Sales $ 1,000,000 800.000 590,000 450,000 410,000 350,000 120.000 100.000 290,000 250,000 60,000 50.000 $ 230.000 % $ 200.000