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.

	Tannenhill Company			Electronics Industry Average
Sales	$4,000,000			100.0	%
Cost of goods sold	(2,120,000)			(60.0)
Gross profit	$1,880,000			40.0	%
Selling expenses	$(1,080,000)			(24.0)	%
Administrative expenses	(640,000)			(14.0)
Total operating expenses	$(1,720,000)			(38.0)	%
Operating income	$160,000			2.0	%
Other revenue and expense:
Other revenue	120,000			3.0
Other expense	(80,000)			(2.0)
Income before income tax expense	$200,000			3.0	%
Income tax expense	(80,000)			(2.0)
Net income	$120,000			1.0	%

a. Prepare a common-sized income statement comparing the results of operations for Tannenhill Company with the industry average. Tannenhill Company Common-Sized Income Statement For the Year Ended December 31