Show Me How Common-Sired Income Statement Revenue and expense data for the current calendar year for Tannenhill Company and for the electronics industry are as folows. Tannenhill's data are expressed in dollars. The electronics industry averages are expressed in percentages. Electronics Tannenhill Industry Company Average Sales $1,340,000 100% Cost of merchandise sold 097,000 73 Gross profit 1442,200 27% Selling expenses $254,000 15% Administrative expenses 107,200 6 Total operating expenses $361,800 21% Income from operations $80,400 Other revenue and expense Other revenue 26.000 2 Other expense (13,400) 1 Income before income tax expense $93,800 7% Income tax expense 40,200 35 $53,000 Net income a. Frepare 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 a amounts as positive numbers. Tannenhill Company Common Sized Income Statement For the Year Ended December 31 Tannenhill Tannenhill Electronics Sales Company Company Industry. Amount Percent Average $1,340,000 100.0%