QUESTION 2 Partially correct Mark 4.00 out of 22.00 P Flag question Common-size income statements Consider the following income statement data from the Ross Company: 2016 2015 Sales revenue $550,000 $450,000 Cost of goods sold 336,000 279,000 Selling expenses 105,000 99,000 Administrative expenses 60,000 50,000 Income tax expense 7,800 5,400 a. Prepare common-size income statements for each year. (Round percentages to one decimal point. ROSS COMPANY Common-Size Income Statements (Percent of Sales Revenue) 2016 0 X% 0 X96 Sales Revenue 0 X96 0 X% Cost of Goods Sold 0 X% Gross Profit on Sales operating Expenses