Required B is :

Sales profit $-?$

Gross Profit $-?$

Sales Cost of. goods sold Gross profit Operating expenses Net income Required: Year 2 $ 509, 300,310 $ 208,690 710 111,980 Year 1 $ 406, 263,900 $ 142,100 113, 680 $ 28,420 a. Prepare common size income statements for Price Company, a sole proprietorship, for the two years shown as above by converting the dollar amounts into percentages. For e?Ch year, sales will appear as 100 percent and other items will be expressed as a percentage of sales. (Income taxes are not Involved as the business is not incorporated.) b. State whether the changes from year 1 to year Q are favorable or unfavorable. Complete this question by entering your answers in the tabs below. Required A Required B Prepare common size income statements for Price Company, a sole proprietorship, for the two years shown as above by converting the dollar amounts into percentages. For each year, sales will appear as 100 percent and other items will be expressed as a percentage of sales. (Income taxes are not involved as the business is not incorporated.) Year 2 Year 1 Sales Cost of goods sold Gross profit Operating expenses Net income