Acct2301 Name: Edmonds, 4ed. The 2004 income statements for the Dent Company and the Blumer Company appear below: Dent Company Blumer Company Net Sales $ 1,300,000 320,000 Cost of Goods Sold (800,000) (170.000) Gross Margin 500,000 150,000 Operating Expenses 200.000 44000 64, oro Net Income $ 300,000 $ 86,000 Required: 1. Prepare common size income statements for the Dent Company and the Blumer Company. 2. What is the Gross Margin Percentage for each company? 4. Briefly comment on the pricing policies of each company as well as the ability to control expenses. Disregarding the difference in size, which company appears to be doing a better job