Revenue and expense data for the current calendar year for Tannenhill Company and for the electronics industry are as follows. Tannenhill's data are expressed in dollars. The electronics industry averages are expressed in percentages. Electronics Industry Average Tannenhill Company Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Operating income Other income $2,190,000 1,270,200 $919,800 $569,400 219,000 $788,400 131,400 43,800 $175,200 21,900 $153,300 65,700 $87,600 100 % 62 38 % 22 % 10 32 % 696 8% Other expense Income before income tax Income tax expense Net income 7% 2% a. Prepare a common-sized income statement comparing the results of operations for Tannenhill Company with the industry average. If required, round percentages to one decimal place. Enter all amounts as pve numbers. Enter all amounts as positive numbers Tannenhill Company Common-Sized Income Statement For the Year Ended December 31 Tannenhill Company Amount Tannenhill Company Percent 2,190,000 1,270,200 $919,800 $569,400 219,000 $788,400 131,400 43,800 $175,200 21,900 $153,300 65,700 $87,600 Electronics Industry Average 100.0% 62% 3896 22% 10% 32% Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Operating income Other income 2% 8% 196 7% 5% 2% Other expense Income before income tax Income tax expense Net income