Revenue and expense data for the current calendar year for Tannenhill Company and for the electronics industry are as follows. Tannenhills data are expressed in dollars. The electronics industry averages are expressed in percentages.

Tannenhill Company			Electronics Industry Average
Sales	$1,740,000			100	%
Cost of goods sold	1,078,800			68
Gross profit	$661,200			32	%
Selling expenses	$400,200			18	%
Administrative expenses	156,600			8
Total operating expenses	$556,800			26	%
Operating income	$104,400			6	%
Other revenue	34,800			2
	$139,200			8	%
Other expense	17,400			1
Income before income tax	$121,800			7	%
Income tax expense	52,200			4
Net income	$69,600			3	%

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 positive numbers.

Tannenhill Company
Common-Sized Income Statement
For the Year Ended December 31
	Tannenhill Company Amount	Tannenhill Company Percent	Electronics Industry Average
Sales	$1,740,000	%	100.0%
Cost of goods sold	1,078,800	%	68%
Gross profit	$661,200	%	32%
Selling expenses	$400,200	%	18%
Administrative expenses	156,600	%	8%
Total operating expenses	$556,800	%	26%
Income from operations	$104,400	%	6%
Other revenue	34,800	%	2%
	$139,200	%	8%
Other expense	17,400	%	1%
Income before income tax	$121,800	%	7%
Income tax expense	52,200	%	4%
Net income	$69,600	%	3%