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	$305,900	Answer%
Cost of Goods Sold	$146,832	Answer%
Gross Profit	$159,068	Answer%
Operating Expenses:
Advertising	$2,300	Answer%
Depreciation	$1,590	Answer%
Rent Expense	$4,500	Answer%
Salaries and Wages	$58,100	Answer%
Utilities	$7,900	Answer%
Total Operating Expenses	$74,390	Answer%
Other Expenses
Interest	$2,660	Answer%
Operating Profit before tax	$71,730	Answer%
Income Tax	$21,519	Answer%
Net Income	$50,211	Answer%