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 Tannenhill Company Industry Average Sales $1,010,000 Cost of merchandise sold 606,000 Gross profit $404,000 Selling expenses $242,400 100 % 64 36% 21 % Administrative expenses 101,000 9 Total operating expenses $343,400 30 % Income from operations $60,600 6% Other revenue and expense: Other revenue 20,200 2 Other expense (10,100) 1 Income before income tax expense Income tax expense $70,700 7% 30,300 $40,400 3% 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.