Revenue and expense data for the current calendar year for Tannenhill Company and for the electronics industry are as follows. The Tannenhill Company data are expressed in dollars. The electronics industry averages are expressed in percentages. 1 Tannenhill Company Electronics Industry Average 2 Sales $4,060,000.00 100.0% 3 Cost of goods sold 2,111,200.00 58.0 4 Gross profit $1,948,800.00 42.0% 5 Selling expenses $1,055,600.00 23.0% 6 Administrative expenses 649,600.00 14.0 7 Total operating expenses $1,705,200.00 37.0% 8 Income from operations $243,600.00 5.0% 9 Other income 211,600.00 2.9 10 $455,200.00 7.9% 11 Other expense 72,000.00 1.8 12 Income before income tax $383,200.00 6.1% 13 Income tax expense 78,000.00 1.9 14 Net income $305,200.00 4.2% Required: A. Prepare a common-sized income statement comparing the results of operations for Tannenhill Company with the industry average. Enter all amounts as positive numbers. Round percentages to one decimal place. B. As far as the data permit, comment on significant relationships revealed by the comparisons.