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Restate the following income statement to do a COMMON SIZE comparison: Sales 629,000 Costs 417,000 212,000 Depreciation Expense 38,000 174,000 Interest Expense 16,000 Taxable Income

Restate the following income statement to do a COMMON SIZE comparison:

Sales 629,000

Costs 417,000

212,000

Depreciation Expense 38,000

174,000

Interest Expense 16,000

Taxable Income 158,000

Taxes 33,180

Net Income 124,820

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