M&M Manufacturing has provided the following comparative income statements for 2013 and 2014. Net sales Cost of goods sold Gross margin Selling and administrative expenses Depreciation Operating profit Income taxes Net income 2013 2014 $127,480 $144,840 72,450 78,010 55,030 66,830 20,850 32,690 6,560 7,540 27,620 26,600 6,905 6,650 $20,715 $19,950 Prepare a common-size analysis of M&M's income statement for 2014. (Round common-size answers to 2 decimal places, eg. 16,45%) 2014 Common-size % % % 1540 Depreciation Operating profit Income taxes Net income 6,56U 27,620 6,905 $20,715 26,600 6,650 $19.950 Prepare a common-size analysis of M&M's income statement for 2014. (Round common-size answers to 2 decimal places, eg. 16.45%) 2014 Common-size % % % % % % $ %