Please solve the tannenhill company percent.

Instructions O Income Statement Shaded cells have feedback. Revenue and expense data for the current calendar year for Tannenhill Company and for the electronics industry are as follows. The Tannenhill Prepare a common-sized income statement comparing the results of Company data are expressed in dollars. The electronics industry operations for Tannenhill Company with the industry average. Enter all averages are expressed in percentages. amounts as positive numbers. Round percentages to one decimal place. Tannenhill Company 2 Sales 3 Cost of goods sold 4 Gross profit 5 Selling expenses 6 Administrative expenses 7 Total operating expenses 8 Income from operations 9 Other income $5,900,000.00 3,038,500.00 $2,861,500,00 $1,563,500.00 885,000.00 $2,448,500.00 $413,000.00 363,000.00 $776,000.00 74,000.00 $702,000.00 80,000.00 $622,000.00 Electronics Industry Average 100.0% 575 42.5% 22.5% 13.0 35.5% 7.0% 1.8 8.8% 1.3 7.5% Question not attempted. Tannenhill Company Score: 0/45 Common-Sized Income Statement For the Year Ended December 31, 20-- Electronics Tannenhill Tannenhill Industry Company Company Average Amount Percent 3 Sales $5,900,000.00 100.0% 4 Cost of goods sold 3,038,500.00 57.5% 5 Gross profit $2,861,500.00 42.5% 6 Selling expenses $1,563,500.00 22.5% 7 Administrative expenses 885,000.00 13.0% 8 Total operating expenses $2,448,500.00 35.5% 9 Income from operations $413,000.00 7.0% 10 Other income 363,000.00 1.8% $776,000.00 8.8% 12 Other expense 74,000.00 1.3% 13 Income before income tax $702,000.00 75% 14 Income tax expense 80,000.00 1.4% 15 Net income $622,000.00 6.1% 10 11 Other expense 12 Income before income tax 13 Income tax expense 14 Net income 14 6.1% Required: A. Prepare a common-sized income statement comparing the results of operations for Tannenhill Company with the industry average. Enter all amounts as positive numbers. Round percentages to one decimal place