2017 2016 Sales Cost of sales Sales salaries Delivery expense Office supplies Depreciation truck $1,630,000 $1,430,000 $593,320 $420,420 409,130 376,090 166,260 170,170 $50,530 $51,480 41,470 41,470 22,820 17,160 Computer line expense Total expenses Net income $1,283,530 $1,076,790 $346,470 $353,210 Required: 1. Identify each income statement as either single- or multiple-step format. 2017 income statement 2016 income statement 2. Restate each item in the income statements as a percentage of sales. Round your answers to one decimal place when necessary. Enter all amounts as positive numbers. 2017 2016 Sales Cost of sales % % % % Sales salaries % % Delivery expense % % Office supplies % Depreciation-truck % % Computer line expense % % Total expenses % Net income % %