Common Size Income Statements Consider the following income statement data from the Ross Company:

	2020	2019
Sales revenue	$1,100,000	$945,000
Cost of goods sold	705,600	599,850
Selling expenses	220,500	212,850
Administrative expenses	126,000	107,500
Income tax expense	16,380	11,610

Prepare a common size income statement (percentages only) for both years. (Round to one decimal.)

Ross Company
Common-Size Income Statements
(Percent of Sales Revenue)
	2020	2019
Sales revenue	Answer	Answer
Cost of goods sold	Answer	Answer
Gross profit on sales	Answer	Answer
Operating expenses
Selling expenses	Answer	Answer
Administrative expenses	Answer	Answer
Total operating expenses	Answer	Answer
Income before income taxes	Answer	Answer
Income tax expense	Answer	Answer
Net income	Answer	Answer