Book Show Me How Revenue and expense data for Innovation Quarter Inc. for two recent years are as follows: Sales Cost of goods sold Selling expenses Administrative expenses Income tax expense Current Year Previous Year $455,000 $387,000 291,200 216,720 63,700 69,660 72,800 9,100 58,050 15,480 a. Prepare an income statement in comparative form, stating each item for both years as a percent of sales. If required, round percentages to one decimal place. Enter all amcents as positive numbers. Sales Innovation Quarter Inc. Comparative Income Statement For the Years Ended December 31 Current year Amount Current year Percent $455,000 Previous year Amount Previous year Percent Cost of goods sold 291,200 Selling expenses % $387,000 % % 216,720 % % % 63,700 69,660 % 58,050 % Administrative expenses 72,800 Income tax expense 9,100 0:00 % 15,480 % Check My Work Next Sa and Frit Submit Assignment for Grading