MCU Hotel Sales 50,000 Cost of sales 5,000 Labor costs 15,000 Other operating costs 10,000 Fixed charges 15,000 Income before income taxes 5,000 Income taxes 1,000 Net income 4,000 Industry in Taoyuan Area 200,000 25,000 64,000 30,000 50,000 31,000 6,000 25,000 ANSWER Common-Size Income Statement MCU Hotel Percent of Total Revenue Sales 50,000 Cost of sales 5,000 Labor costs 15,000 Other operating costs 10,000 Fixed charges 15,000 Income before income taxes 5,000 Income taxes 1,000 Net income 4,000