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 January 31
	2020	Percentage
Sales	$302,300	Answer%
Cost of Goods Sold	$145,104	Answer%
Gross Profit	$157,196	Answer%
Operating Expenses:
Advertising	$4,100	Answer%
Depreciation	$1,040	Answer%
Rent Expense	$4,000	Answer%
Salaries and Wages	$41,500	Answer%
Utilities	$5,200	Answer%
Total Operating Expenses	$55,840	Answer%
Other Expenses
Interest	$2,130	Answer%
Operating Profit before tax	$53,710	Answer%
Income Tax	$16,113	Answer%
Net Income	$37,597	Answer%