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2. Common Size on Income Statement Income Statement Year Ended December 31, 2019 Amount % Sales Revenue $291,300 Interest Revenue 1,000 Gain on Sale of

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2. Common Size on Income Statement Income Statement Year Ended December 31, 2019 Amount % Sales Revenue $291,300 Interest Revenue 1,000 Gain on Sale of Plant Assets 6,000 $298,300 Total Revenues and Gains Cost of Goods Sold 145,000 Salaries and Wages Expense 49,000 Depreciation Expense-Plant Assets 16,000 Other Operating Expenses 25,000 Interest Expense 3,500 Income Tax Expense 7,800 Total Expenses 246,300 Net Income $52,000 Interpretation: Pick two to three significant % change and explain the reason of % change

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