Stuart 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).) Percentage of Sales Sales Cost of goods sold Gross margin on sales Operating expenses Income before taxes STUART COMPANY Vertical Analysis of Income Statements 2019 Percentage of 2018 Sales $ 995,000 | $ 1,077,500 547,250 598,000 447,750 479,500 130,600 151,800 317,150 327,700 79,800 83,400 237,350 % $ 244,300 Income taxes Net income