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 $391,800 g Cost of Goods Sold $188,064 Gross Profit $203,736 Operating Expenses: Advertising $4,000 Depreciation $1,960 Rent Expense $3,100 Salaries and Wages $59,900 Utilities $5,400 Total Operating Expenses $74,360 % Other Expenses Interest $1,760 % Operating Profit before tax $72,600 Income Tax $21,780 Net Income $50,820