The comparative financial statements for Prince Company are below:

The comparative financial statements for Prince Company are below: Year 2 Year 1 $ 190,000 112,000 78,000 56,000 22,000 8,000 $ 14,000 $ 167,000 100,000 67,000 53,000 14,000 4,000 $ 10,000 Income statement: Sales revenue Cost of goods sold Gross profit Operating expenses and interest expense Pretax income Income tax Net income Balance sheet: Cash Accounts receivable (net) Inventory Property and equipment (net) Total assets Current liabilities (no interest) Long-term liabilities (10% interest) Common stock ($5 par value, 6,000 shares outstanding) Retained earnings Total liabilities and stockholders' equity $ 4,000 14,000 40,000 45,000 $ 103,000 $ 16,000 45,000 30,000 12,000 $ 103,000 $ 7,000 18,000 34,000 38,000 $ 97,000 $ 17,000 45,000 30,000 5,000 $ 97,000 Required: 1. Compute component percentages for Year 2. (Enter your answer as a percentage rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34).) PRINCE COMPANY Income Statement At December 31, Year 2 Component Percentages Year 2 Sales revenue (the base amount) Cost of goods sold Gross profit on sales Operating expenses Pretax income % % % % % Income taxes % Net income % PRINCE COMPANY Balance Sheet At December 31, Year 2 Cash Component Percentages Year 2 % % % % 0.00% Accounts receivable (net) Inventory Property and equipment (net) Total assets (the base amount) Current liabilities Long-term liabilities (10% interest) Common stock ($5 par value, 6,000 shares outstanding) Retained earnings Total liabilities and owners' equity (the base amount) % % % % 0.00 %