0 % Common-Size Income Statements Following is the income statement for 3M Company. Prepare common-size income statements for 2017 and 2016. Round answers to one decimal place (i.e., 0.8867 = 88.7%). Use negative signs with answers, when appropriate. 3M Company Common-size Income Statements ($ millions) Dec. 31, 2017 Dec. 31, 2016 Net sales $31,657 0% $30,109 0 % Operating expenses: Cost of sales 16,001 15,040 0% Selling, general & admin. expenses 6,572 0% 6,222 0 % Research & development expenses 1,850 0% 1,735 0% Gain on sale of businesses (586) 0 % (111) 0% Operating income 7,820 0 % 7,223 0% Interest expense 322 0 % 199 0 % Interest income (50) 0% (29) 0% Income before income taxes 7,548 0 % 7,053 0% Provision for income taxes 2,679 0 % 1,995 0% Net income including noncontrolling interest $4,869 $5,058 0 % 0 % Check