Prepare a Common size Income Statement from the following Income Statement. Trading and profit and loss account as at 31st December 2009 and 2010 Particulars 2009 2010 Particulars 2009 2010 $ $ $ $ Cost of Goods Sold 2,70,000 3,75,000 By Net Sales 4,50,000 3,50,000 "TO Gross Profit 30,000 25,000 2,50,000 3,50,000 4,50,000 3,50,000 To Salaries 12,000 By Gross Profit 30,000 25,000 To Administrative 13,000 Expenses 1,000 1,500 To Advertisement 5,000 1,000 To 'NetProfit 12,000 9,500 30,000 25,000 30,000 25,000