+ Designet Luxury Silver Rings X CengageNOWV2 Online teach Assignment/takeAssignmentMain.do?invoker=&takeAssignments.. m Paused Update Sorenson Electronics Company Common-Sized Income Statement Sorenson Electronics Sorenson Electronics Electronics Industry Company Amount Company Percent Average $910,000 910,000 X % 100% (582,400) %% (70) Sales Cost of Goods Sold 96 30% $327,600 % (12)% $(191,100) (72,800) % (12)% (24) Gross profit Seling Expenses Administrative Expenses Total operating expenses Operating income Other revenue and expenses Other revenue $(263,900) 6% $63,700 9 4% 18,200 (9,100) % (3)% Other expense % 7% $72,800 Income before income tax 96 (5)% (27,300) Income tax expense $45,500 2% 96 Net income Feedback Previous Next Check My Work W tv NA MacBook Air F10 F6