: On a common size income statement, all accounts are expressed as a percentage of: 1. The base year sales 2. O Sales for the period 3. Total assets for the base year 4. Total assets for the current year 00: 45 : 50 Question 5/20 : A firm paid $1,300 in dividends and $920 in interest this past year. Common stock increased by $1,200 and retained earnings increased by $300. The net income for the year is: M 1. O$1,300 2. $900 3. $1,000 4. $1,600 Next