Norman Music Co. Comparative Income Statements Years Ended December 31, 2018 and 2017 2018 Total revenue $ 1,080,000 $ 2017 919,000 $ Expenses: Cost of goods sold Selling and general expenses Interest expense 479,000 $ 289,000 24,500 106,500 400,450 260,000 14,500 86,850 761,800 157,200 Income tax expense Total expenses 899,000 181,000 $ Net income $ The comparative income statement of Norman Music Co. for the years ended December 31, 2018 and 2017 is as follows: (Click the icon to view the comparative income statement.) Requirement 1. Prepare a comparative common-size income statement for Norman Music Co. (Round your answers to one-hundredth of a percent, X.XX%.) Norman Music Co. Comparative Common-Size Income Statements Years Ended December 31, 2018 and 2017 2018 2017 Total revenue Expenses: Cost of goods sold Selling and general expenses Interest expense Income tax expense Total expenses Net income