Solomon 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., 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 SOLOMON COMPANY Vertical Analysis of Income Statements Percentage of Year 4 Year 3 Sales $ 1,000,500 % $ 1,084,500 550,275 599,400 450,225 485,100 129,300 149,400 320.925 335,700 79,400 80,600 $ 241,525 % $ 255.100 %