Common-Size Income Statements Consider the following income statement data from the Ross Company: Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense 2013 2012 $529,000 $454,000 336,000 279,000 109,000 103,000 64,000 58,000 7,800 5,400 Prepare common-size income statements for each year. Note: Round answers to one decimal place (ex: 0.2345 = 23.5%). 0% 0% ROSS COMPANY Common-Size Income Statements (Percent of Sales Revenue) 2013 2012 Sales Revenue 100% 100% Cost of Goods Sold 0% 0% Gross Profit on Sales - Operating Expenses Selling Expenses Administrative Expenses 0% Total 0% Income before Income Taxes 0% Income Tax Expense - Net Income 0% 0% 0% 0% 0% 0% 0%