Please show work

10. Use the common-sized income statements that compare Greenwood Paper Supply to the industry average to identify expenses that the company should work toward decreasing Greenwood Paper Supply 100.0% 45.2 54.8% 16.7% 14.5 31.2% 23.6% 1.2 24.8% 0.9 23.9% 8.4 Industry Average Sales Cost of goods sold Gross proft Selling expenses Administrative expenses Total operating expenses Income from operations Other revenue 100.0% 46.7 53.3% 12.9% 13.1 26.0% 27.3% 1.8 29.1% Other expense (interest) Income before income tax Income tax expense Net income 28,1% 9.8 15.5% 18.3%