= Normal 1 No Spac... Heading Heading 2 L S Paragraph Use the financial statements below to fill in the blanks on the below Common Size Statements: ABC Computer Company - Income Statement as of June 30, 2020 Sales $2,500 Cost of Goods Sold (1,400) Gross Profit $1,100 Operating Expenses (except depreciation) ( 400) Depreciation Expense (50) Earnings before interest and taxes (EBIT) $ 650 Interest Expense (40) Earnings before taxes $ 610 Taxes (40%) (244) Net Income $366 MCTC Computer Company - Common Size Income Statement as of June 30, 2020 Sales 100% Cost of Goods Sold Gross Profit Operating Expenses (except depreciation) Depreciation Expense Earnings before interest and taxes (EBIT) Interest Expense Earnings before taxes Taxes (40% Net Income ABC Computer Company - Balance Sheet as of June 30, 2020 Cash $ 80 Accounts Payable Accounts Receivables 300 Notes Payable Inventories 400 Other current Liabilities Total Current Assets $780 Total Current Liabilities Net Fixed Assets 220 Long Term Debt Owners' Equity Total Assets $1,000 Total Liabilities and Equity S200 80 100 $380 300 320 $1,000 MCTC Computer Company - Common Size Balance Sheet as of June 30, 2020 Cash Accounts Payable Accounts Receivables Notes Payable Inventories Other current Liabilities Total Current Assets Total Current Liabilities Net Fixed Assets Long Term Debt Owners' Equity Total Assets Total Liabilities and Equity