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Income Statement For the years ended Dec. 31, 2022 and 2021 Net sales Cost of goods sold Gross margin Selling and administrative evnenses Operating income

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Income Statement For the years ended Dec. 31, 2022 and 2021 Net sales Cost of goods sold Gross margin Selling and administrative evnenses Operating income Other expense, net Income before taxes Income tax expense Net income 2022 2021 19,000 12,000 12,000 8,000 7,000 4,000 5,000 3,000 2,000 1,000 200 300 1,800 700 400 200 1,400 500 Required: Prepare a common-size analysis of the income statements for 2022 and 2021. (Round percent computations to one decimal place.) Bustone Inc. Common Size Income statements For the Years Ended December 31, 2022 and 2021 Nat sales Cost of goods sold Gross margin Selling and administrative expenses Operating income Other expense, net Income before taxes Income tax expense Net income

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