Chec Baird Company reported the following operating results for two consecutive years: Required Compute each income statement component for each of the two years as a percentage of sales. (Percentages may not add exactly due to rounding. Round your percentage answers to 1 decimal place. (l.e., 0.234 should be entered as 23.4).) Parcentage of Sales Sales Cost of goods sold Gross margin on sale Operating expenses Income before taxes Income taxes Net income BAIRD COMPANY Vertical Analysis of Income Statements Year 4 Percentage of Sales Year $ 997.500 % 5 1,082,500 543,625 598.800 448.875 483.700 130.800 150,800 318.075 332,900 80.500 80.800 $ 237.575 %$ 252.100 %