Consider the following simplified Statement of Comprehensive Income and Statement of Financial Position from Smith Corporation's 2018 Annual Report to Shareholders. Smith Corporation Statement of Comprehensive Income (S millions) Net sales $8,324 Cost of goods sold $4,988 Depreciation $1,190 Earnings Before interest and $2,146 taxes Interest paid Taxable income Taxes Net income $320 $1,826 $621 $1,205 Smith Corporation Statement of Financial Position 2017 & 2018 (S millions) 2017 2018 2017 2018 Cash $5,415 $3,341 Accounts payable 1,110 1,650 Accounts rec. $2,460 $979 Notes payable 2,500 1,900 Inventory 2,405 2,885 Total 3,610 3,550 Total Net fixed assets 12,300 10,280 7,205 Long-term debt 4,800 4,600 16,720 Common stock 5,100 5,900 Retained earnings 9,070 9,875 Total assets 22,580 23,925 Total liabilities and Owner's equity 22,580 23,925 a) Generate the common-size income statement for 2018. (4 marks)