Zachary Company reported the following operating results for two consecutive years: Required Compute each income statement component for each of the two years as a percent of sales. (Percentages may not add exactly due to rounding. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4).) ZACHARY COMPANY Vertical Analysis of Income Statements Percentage of Year 3 Year 4 Percentage of Sales Sales $ % $ Sales Cost of goods sold Gross margin on sales Operating expenses Income before taxes Income taxes Net income 1,001,000 550,550 450,450 130,200 320,250 79,600 240,650 1,084,500 599,400 485,100 151,600 333,500 80,600 252,900 $ % $