Consider the following income statement data from the Ross Company: 2013 2012 Sales revenue $529,000 $454,000 Cost of goods sold 336,000 279,000 Selling expenses 105,000 99,000 Administrative expenses 64,000 58,000 Income tax expense 11,800 9,400 Prepare common-size income statements for each year. What is the Net Income as percentage of Sales Revenue from the years 2012 and 2013? 2012:5.6%; 2013: 2.5% 2012: 1.9%; 2013: 2.3% 2012:3.6%; 2013: 3.2% 2012: 2.1%; 2013: 2.5%