Chipotle Mexican Grill began with a single location in 1993 and now operates more than 2,450 restaurants. Adapted versions of the company's income statements (in $000s) are as follows: 2016 2017 $4,476,412 $3,904,384 Revenue Restaurant operating costs Food, beverage, and packaging Labor Occupancy Other operating costs General and administrative expenses Depreciation and amortization Pre-opening costs Loss on disposal of assets Total operating expenses Income from operations Interest and other income (expense), net Income before income taxes Provision for income taxes 1,535,428 1,205,992 327,132 651,644 296,388 163,348 12,341 13,345 4,205,618 1,365,580 1,105,001 293,636 641,953 276,240 146,368 17,162 23,877 270,794 4,949 3,869,817 34,567 4,172 38,739 15,801 275,743 99,490 $176,253 Net income $22,938 Prepare a common-size income statement for each year. (Round answers to 1 decimal place, e.g. 50.1%.) 2017 2016 % % Revenue Restaurant operating costs % % Food, beverage, and packaging % % Labor % % Occupancy % % Other operating costs % % General and administrative expenses % % Depreciation and amortization % % Pre-opening costs % % Loss on disposal of assets % % Total operating expenses % % Income from operations % % Interest and other income (expense), net % % Income before income taxes 0/ % % % General and administrative expenses % % Depreciation and amortization % % Pre-opening costs % % Loss on disposal of assets % % Total operating expenses % % Income from operations % % Interest and other income (expense), net % % Income before income taxes % % Provision for income taxes % % Net income