. Income statements for Yarrick Company for the years ending December 31, 2007, 2006, and 2005 are shown below. Prepare a common-size income statement and analyze the profitability of the company. (in millions) Yarrick Company Income Statements for the Years Ending December 31, 2007, 2006, and 2005 2007 2006 2005 Net sales $237 $155 $134 Cost of goods sold 138 84 72 Gross profit $ 99 $ 71 $ 62 Sales, general and administrative expenses 42 31 39 Research and development 38 33 54 Operating profit $ 19 $ 7 ($31) Income tax expense (benefit) 7 2 (11) Net profit $ 12 $ 5 ($20)