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	$307,500	Answer%
Cost of Goods Sold	$147,600	Answer%
Gross Profit	$159,900	Answer%
Operating Expenses:
Advertising	$2,200	Answer%
Depreciation	$1,960	Answer%
Rent Expense	$3,500	Answer%
Salaries and Wages	$48,000	Answer%
Utilities	$7,900	Answer%
Total Operating Expenses	$63,560	Answer%
Other Expenses
Interest	$2,180	Answer%
Operating Profit before tax	$61,380	Answer%
Income Tax	$18,414	Answer%
Net Income	$42,966	Answer%