The following financial statement is taken from the records of Jade Inc. Prepare a common-size income statement for 2020 and state all the income statement items as a percentage of sales. Do not enter dollar signs or commas in the input boxes. Round your answers to 2 decimal places, Jade Inc. Income Statement For the Year Ended March 31 2020 Percentage Sales $372,200 % Cost of Goods Sold $167,490 % Gross Profit $204,710 % Operating Expenses: Advertising $3,200 % Depreciation $1,380 % Rent Expense $4,200 % Salaries and Wages $ $54,000 % Utilities $5,400 % Total Operating Expenses $68,180 % Other Expenses Interest $2,070 % Operating Profit before tax $66,110 % Income Tax $19,833 % Net Income $46, 277