Comparative income statement for Bluth Company is shown below. Prepare a common-size income statement for both the current and prior year. Bluth Company Income Statement December 31, 20X2 Net Sales Cost of Goods Sold Gross Profit Operating Expenses Income from Operations Interest Expense Income before Taxes Income Taxes Net Income Current Year Prior Year $ 715,800 $ 615,300 428,600 388,500 287,200 226,800 168,500 132,800 118,700 94,000 22,300 11,200 96,400 82,800 28,000 27,000 68,400 $ 55,800 $

Comparative income statement for Bluth Company is shown below. Prepare a common-size income statement for both the current and prior year. Bluth Company Income Statement December 31, 20X2 Current Year Prior Year Net Sales Cost of Goods Sold $ 715,800 $ 615,300 428,600 388,500 Gross Profit 287,200 226,800 Operating Expenses 168,500 132,800 Income from Operations 118,700 94,000 Interest Expense 22,300 11,200 Income before Taxes 96,400 82,800 Income Taxes 28,000 27,000 Net Income $ 68,400 $ 55,800