2 TB MC Qu. 06-26 Manero Company included the... Manero Company included the following information in its annual report Sales Cost of goods sold Operating expenses Operating income 20x3 $178,400 115,000 50,000 13,400 20X2 $162,500 102,500 50,000 10,000 20X1 $155,500 100,000 45,000 10,500 In a common-size income statement for 20X3, the operating expenses are expressed as Multiple Choice 2 28.0% 30.3% 43.8% 100.0%