Make a common size income statement

Income statement example TEDDY FAB INC. STATEMENT OF INCOME Year Ended December 31, 2100 $ 1,000,000 Revenues Cost of goods sold Gross profit 200,000 800,000 Operating expenses Selling, general, and administrative expense Interest expense Depreciation and amortization expense Operating income 357,700 20,000 5,200 417,100 Interest income 20,000 Net earnings before taxes 437,100 Income tax expense 240,000 Net income $ 197,100