Common-Sized Income Statement Revenue and expense data for the current calendar year for Tannenhill Company and for the electronics industry are as follows. Tannenhill's data are expressed in dollars. The electronics industry averages are expressed in percentages Electronics Industry Average 100 % 71 Tannenhill Company Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Operating income Other income $1,140,000 775,200 $364,800 $216,600 79,800 $296,400 $68,400 22,800 $91,200 11,400 $79,800 34,200 $45,600 29 % 16% 23 % 6% 8% Other expense Income before income tax Income tax expense Net income a. Prepare a common-sized income statement comparing the results of operations for Tannenhill Company with the industry average. If required, round percentages to one decimal place. Enter all amounts as positive numbers 4%