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 net 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	$329,500	Answer%
Cost of Goods Sold	$148,275	Answer%
Gross Profit	$181,225	Answer%
Operating Expenses:
Advertising	$3,800	Answer%
Depreciation	$1,650	Answer%
Rent Expense	$3,700	Answer%
Salaries and Wages	$46,000	Answer%
Utilities	$5,500	Answer%
Total Operating Expenses	$55,150	Answer%
Other Expenses
Interest	$2,500	Answer%
Operating Profit before tax	$52,650	Answer%
Income Tax	$15,795	Answer%
Net Income	$36,855	Answer%