Revenue and expense data for the current calendar year for Tannenhill Company and for the electronics industry are as follows. The Tannenhill's data are expressed in dollars. The electronics industry averages are expressed in percentages. Tannenhill Electronics Company Industry Average 2 Sales $4,580,000.00 100.0% 3 Cost of goods sold 2,381,600.00 59.0 4 Gross profit $2,198,400.00 41.0% 5 Selling expenses $1,213,700.00 22.5% Administrative expenses 732,800.00 14.0 7 Total operating expenses $1,946,500.00 36.5% 8 Operating income $251,900.00 4.5% 9 Other income 104,000.00 2.3 10 $355,900.00 6.8% 11 Other expense 68,000.00 1.5 12 Income before income tax 5.3% $287,900.00 76,000.00 13 Income tax expense 1.7 14 Net income $211,900.00 3.6% Prepare a common-sized income statement comparing the results of operations for Tannenhill Company with the industry average. Round percentages to one decimal place. Enter all amounts as positive numbers. Question not attempted. Tannenhill Company Score: 0/39 Common-Sized Income Statement For the Year Ended December 31 Tannenhill Tannenhill Electronics Company Company Industry Average Amount Percent 3 Sales $4.580,000.00 100.0% 4 Cost of goods sold 2,381,600.00 59.0% 5 Gross profit $2,198,400.00 41.0% 6 Selling expenses $1,213,700.00 22.5% 7 Administrative expenses 732,800.00 14.0% 8 Total operating expenses $1,946,500.00 36.5% 9 Operating income $251,900.00 4.5% 10 Other income 104,000.00 2.3% 11 $355,900.00 6.8% 12 Other expense 68,000.00 1.5% 13 Income before income tax $287,900.00 5.3% 14 Income tax expense 76,000.00 1.7% 15 Net income $211,900.00 3.6%