(Ratio analysis over time) The following information comes from the accounting records of Hercep Ltd. for the first three years of its existence 2014 2015 2016 Statement of Financial Position Assets Cash Accounts receivable Inventory Capital assets (net) Other assets $22,500 131,200 203,900 526,300 279,200 $897,800 $852,100 $1,163,100 $22,500 $20,900 51,200 126,800 464,900 446,000 225,100 207,200 67,000 118,300 Liabilities and equity Accounts payable Long-term debt Common shares Retained earnings $108,000 51,800 $104,000 460,100 539,000 60,000 $897,800 $852,100 $1,163,100 182,500 246,600 539,000 539,000 14,700 68,300 Statement of Earnings Sales Cost of goods sold Other expenses $700,000 $740,000 $890,000 (399,000) (493,580) (614,100) (170,900) (226,000) (217,100) 58,800 (39,030) (6,126) (17,640) $41,160 130,100 20,420 Income tax Net income $91,070 $14,294 Prepare common size income statements. For 2014, use year-end values, not averages, for the assets in your calculations. (Round answers to 1 decimal place, eg. 13.596.) 2014 2015 2016 Sales Cost of goods sold Gross margin Other expenses Income taxes Net income