Directions: Create a % Change and Yr. 2 Common Size Income Statement for Dana Point. Use excel to do the calculations for you and don't round your answers. Dana Point Company Balance Sheet Yr 2 Income Common Size Yr Yr 1 Income % Change Statement 2 Statement Revenues $ 480,000 $ 430,000 Cost of Goods Sold $ 250,000 $ 240,000 Gross Profit $ 230,000 $ 190,000 Derpeciation Expense $ 22,000 $ 22,000 Wage expense $ 90,000 $ 86,000 Insurance Expense $ 16,000 $ 16,000 Operating profit $ 102,000 $ 66,000 Interest Expense $ 6,600 $ 6,800 Net income Before Tax $ 95,400 $ 59,200 Tax expense $ 28,600 $ 17,800 Net income $ 66,800 $ 41,400