Prepare a comparative common-size income statement for Variline, Inc., using the 2018 and 2017 data from E12-12A. Round percentages to the nearest tenth of a percent.

Variline, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 $512,000 2017 Revenue $464,300 Expenses: Cost of Goods Sold 257,000 124,300 4,000 236,000 118,800 5,000 Selling and General Expenses Interest Expense Income Tax Expense Total Expenses 37,700 397,500 $ 66,800 48,800 434,100 $ 77,900 Net Income