Express the following income statement information in common-size percents (round to nearest whole percent). Comment on the results. Ursten Corp.

Comparative Income Statements For Years Ended December 31, 2022 and 2021 2022 2021

Sales....................................................................	$1,360,000	$1,285,000
Cost of goods sold....................................................................	928,000	851,000
Gross profit....................................................................	$ 432,000	$ 434,000
Selling expenses....................................................................	210,000	180,000
Administrative expenses....................................................................	182,000	182,000
Net income....................................................................	$ 40,000	$ 70,000