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. (1.e., 0.234 should be entered as 23.4).) STUART COMPANY Vertical Analysis of Income Statements Year 4 Percentage of Sales Year 3 Percentage of Sales Sales Cost of goods sold Gross margin on sales Operating expenses Income before taxes Income taxes Net income % $ $ 995,500 547,525 447,975 129,200 318,775 79,500 239,275 % S % $ 1,077,000 598 400 478.600 150.200 328,400 83 800 244.600