Prepare a common-sized income statement comparing the results of operations for Tannenhill Company with the industry average. If required, round percentages to one decimal place. Enter all amounts as positive numbers.

Revenue and expense data for the current calendar year for Tannenhill Company and for the electronics industry are as follows. Tannenhills data are expressed in dollars. The electronics industry averages are expressed in percentages.

	Tannenhill Company			Electronics Industry Average
Sales	$1,870,000			100	%
Cost of goods sold	1,122,000			66
Gross profit	$748,000			34	%
Selling expenses	$448,800			20	%
Administrative expenses	187,000			8
Total operating expenses	$635,800			28	%
Operating income	$112,200			6	%
Other income	37,400			2
	$149,600			8	%
Other expense	18,700			1
Income before income tax	$130,900			7	%
Income tax expense	56,100			3
Net income	$74,800			4	%