• Calculate and format the common size income statement for the three years.

Consolidated	Yes
Scale	Thousands
Net operating revenues	33014000
Cost of goods sold	13433000
Gross profit	19581000
Stock-based compensation expense	126000
Advertising expenses	2777000
Selling & distribution expenses	2638000
Other operating expenses	4190000
Selling, general & administrative expenses	9731000
Other operating charges	853000
Operating income (loss)	8997000
Interest income	370000
Interest expense	1437000
Equity income (loss) - net	978000
Other income (loss) - net	841000
Income before income taxes - U.S.	3149000
Income before income taxes - international	6600000
Income before income taxes	9749000
U.S. income tax expense (benefit) - current	296000
State & local income tax expense (benefit) - current	396000
International income tax expense (benefit) - current	1307000
Total current income taxes (benefit)	1999000
U.S. income tax expense (benefit) - deferred	-220000
State & local income tax expense (benefit) - deferred	21000
International income tax expense (benefit) - deferred	181000
Total deferred income taxes (benefit)	-18000
Income taxes	1981000
Net income (loss) from continuing operations	-
Income (loss) from discontinued operations	-
Consolidated net income (loss)	7768000
Less: net loss (income) attributable to noncontrolling interests	-21000
Net income attributablet to shareowners of the Cola-Cola Company	7747000
Weighted average shares outstanding - basic	4295000
Weighted average shares outstanding - diluted	4323000
Year end shares outstanding	4302000
Income (loss) per share from continuing operations - basic	-
Income (loss) per share - discontinued operations - basic	-
Net income (loss) per share - basic	1.8
Income (loss) per share from continuing operations - diluted	-
Income (loss) per share - discontinued operations - diluted	-
Net income (loss) per share - diluted	1.79
Dividends per share	1.64
Total number of employees	80300
Number of common stockholders	197226
Foreign currency translation adjustments	-911000