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(Preparing an income statement) Prepare an income statement and a common-sized income statement from the following information. Sales $525,958 199,257 61,809 8,709 11,753 97,772 Cost
(Preparing an income statement) Prepare an income statement and a common-sized income statement from the following information. Sales $525,958 199,257 61,809 8,709 11,753 97,772 Cost of goods sold General and administrative Income taxes (Click on the icon located on the top-right comer of the data fable above in order to copy its contents into a spreadsheet.) Complete the common-sized income statement below. (Round to one decimal place. NOTE: You may input expense accounts as negative values.) Common-sized Income Statement Sales Cost of goods sold Gross profits General and administrative expense Deprecistion expense Total operating expenses Operating income (EBIT) 525,958 199,257 326,701 $ 81,809 8.709 70,518 256,183 11,753 244,430 97,772 146,658 Earnings before taxes Income taxes Net income
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