INCLUDED ALL CALCULATIONS

Acer Enterprise Casey Inspectors 2013 2012 2013 2012 Net sales $1,549,035 $339,038 Cost of goods sold 1,080,4901 241,000 Operating expenses 302.275 79,000 Interest expense 8,980 2.252 Income tax expense 54,500 6,650 Current Assets 325,975 312,410 83,336 79,467 Common Stock, $10 par 500,000 500,000 120,000 120,000 Retained earnings 173,460 146,595 38,096 28,998 Non-current liabilities 108,500 90,000 29,620 25,000 Current liabilities 65,325 75,815 35,348 30,281 REQUIRED: (a) Using data provided above develop a common-size income statement for 2013 for Acer Enterprise and Casey Inspectors in columnar form