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Construct the common-size income statement for the three years presented. (Don't forget the % symbol.) 2016 % 2017 2018 % Net Sales 1,235,000.00 100% 2,106,000.00

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Construct the common-size income statement for the three years presented. (Don't forget the "%" symbol.) 2016 % 2017 2018 % Net Sales 1,235,000.00 100% 2,106,000.00 100% 2,211,000.00 100% Cost of Goods Sold 849,000.00 386,000.00 (1) (2) 180,000.00 (3) (4) Gross Profit Operating Expenses Operating Income Interest Expense Earings before tax Income Tax Expense Earnings after tax 206,000.00 20,000.00 186,000.00 1,501,000.00 (9) 605,000.00 (10) 383,000.00 (11) 272,000.00 (12) 51,000.00 (13) 171,000.00 (14) 68,000.00 (15) 103,000.00 (16) 1,599,000.00 (17) 612,000.00 (18) 402,000.00 (19) 210,000.00 (20) 59,000.00 (21) 151,000.00 (22) 60,000.00 (23) 91,000.00 (24) (5) (6) 74,000.00 112,000.00 (8)

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