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 April 30
	2020	Percentage
Sales	$330,000	Answer%
Cost of Goods Sold	$158,400	Answer%
Gross Profit	$171,600	Answer%
Operating Expenses:
Advertising	$3,000	Answer%
Depreciation	$1,910	Answer%
Rent Expense	$4,600	Answer%
Salaries and Wages	$49,200	Answer%
Utilities	$6,000	Answer%
Total Operating Expenses	$64,710	Answer%
Other Expenses
Interest	$1,020	Answer%
Operating Profit before tax	$63,690	Answer%
Income Tax	$19,107	Answer%
Net Income	$44,583	Answer%