Following is the income statement for 3M Company. Prepare common-size income statements for 2017 and 2016. 3M

Following is the income statement for 3M Company. Prepare common-size income statements for 2017 and 2016.

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3M COMPANY AND SUBSIDIARIES Year ended December 31 ($ millions) 2017 2016 Net sales. $31,657 $30,109 Operating expenses Cost of sales... Selling, general and administrative expenses.. Research, development and related expenses.. 15,040 16,001 6,572 1,850 (586) 6,222 1,735 (111) Gain on sale of businesses . Total operating expenses 23,837 22,886 Operating income. Interest expense. 7,820 7,223 199 (29) ... .. 322 Interest income. (50) Income before income taxes.. Provision for income taxes. 7,548 7,053 1,995 2,679 ... Net income including noncontrolling interest . $ 4,869 $ 5,058