The comparative income statement of Mitchell Music Co$.$ for the years ended December $31,2021$ and $2020$ is as follows:

$($Click the icon to view the comparative income statement.$)$

Requirement

Prepare a comparative common$-$size income statement for Mitchell Music Co$.($Round your answers to one$-$hundredth of a percent, $x.xx\%.$ Do not enter the $\%$ symbol in any of the input fields.$)$

Mitchell Music Co$.$

Comparative Common$-$Size Income Statements

Years Ended December $31,2021$ and $2020$

$\backslash$table$[[,2021,2020],[$Total revenue,$\%,],[$Expenses:$],[$Cost of goods sold,$\%,],[$Selling and general expenses,$\%,],[$Interest expense,$\%,],[$Income tax expense,$\%,],[$Total expenses,$\%,],[$Net income,$\%,]]$

Data table

$\backslash$table$[[\backslash$table$[[$Mitchell Music Co$.],[$Comparative Income Statements$],[$Years Ended December $31,2021$ and $2020]]],[,,2021,2020],[$Total revenue,$$,1,075,000$$$,915,000],[$Expenses:$],[$Cost of goods sold,$$,475,000$$$,406,250],[$Selling and general expenses,,$285,000,262,000],[$Interest expense,,$22,500,12,500],[$Income tax expense,,$104,500,82,150],[$Total expenses,,$887,000,762,900],[$Net income,$$,188,000={?}^{\text{\$}},152,100]]$