complete the income statement and a common-sized income statement

(Preparing an income statement) Prepare an income statement and a common-sized income statement from the following information. Sales $525,559 Cost of goods sold 199,137 General and administrative expense 61,271 Depreciation expense 8,111 Interest expense 11,534 Income taxes 98,202 (Click on the icon located on the top-right corner of the data table above in order to copy its contents into a spreadsheet.) .. Complete the income statement below. (Round to the nearest dollar. NOTE: You may input expense accounts as negative values.) Income Statement $ Gross profits $ $ $ Total operating expenses Operating income (EBIT) $ Earnings before taxes $ Net income $