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. 1 Tannenhill Company Electronics Industry Average 2 Sales $4,720,000.00 100.0% 3 Cost of goods sold 2,454,400.00 57.0 4 Gross profit $2,265,600.00 43.0% 5 Selling expenses $1,250,800.00 23.5% 6 Administrative expenses 708,000.00 13.0 7 Total operating expenses $1,958,800.00 36.5% 8 Operating income $306,800.00 6.5% 9 Other revenue 102,000.00 2.2 10 $408,800.00 8.7% 11 Other expense 62,000.00 1.3 12 Income before income tax $346,800.00 7.4% 13 Income tax expense 72,000.00 1.5 14 Net income $274,800.00 5.9% A. 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. B. As far as the data permit, comment on significant relationships revealed by the comparisons.