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 Sales $305,900 Percentage % Cost of Goods Sold $146,832 % Gross Profit $159,068 % Operating Expenses: Advertising $2,300 % Depreciation $1,590 % Rent Expense $4,500 % 96 Salaries and Wages $58,100 Salaries and Wages $58,100 Utilities $7,900 Total Operating Expenses $74,390 Other Expenses Interest % 200 go % % I $2,660 % % Operating Profit before tax $71,730 Income Tax $21,519 % Net Income $50,211 % 200