Sundahl Company Income Statements For the Years 1 and 2 1 Year 1 Year 2 2 Sales $2.012,000.00 $1,809.000.00 (1,406,000.00) (1.203.000.00) 3 Less: Cost of goods sold Gross margin $606,000.00 $606,000.00 $ Less operating expenses 6 Selling expenses $(305,000.00) (96,600.00) $(305,000.00) (106,600.00) 7 Administrative expenses $204,400.00 $194.400.00 Operating income Less: 10 Interest expense (50.400.00) (40,400.00) 5154,000.00 $154,000.00 11 Net income before taxes Required: Prepare a common size income statement for Year 2 by expressing each line item for Year 2 as a percentege of that same line item from Year Sundahl Company Income Statement For Year 2 1 Percent of Year 1 Year 2 Amount Amount Z 3 2 5 (Label) 6 7 8 11