The comparative income statement of Norman Music Co. for the years ended December 31, 2018 and 2017 is as follows: (Click the icon to view the comparative income statement.) Requirement 1. Prepare a comparative common-size income statement for Norman Music Co. (Round your answers to one-hundredth of a percent, X.XX%.) Norman Music Co. Comparative Common-Size Income Statements Years Ended December 31, 2018 and 2017 2018 2017 Total revenue % % Expenses: % % Cost of goods sold Selling and general expenses % % Interest expense % % Income tax expense % % Total expenses % % Net income % % Norman Music Co. Comparative Income Statements Years Ended December 31, 2018 and 2017 2018 2017 $ 1,080,000 $ 919,000 Total revenue Expenses: Cost of goods sold Selling and general expenses $ 479,000 $ 400,450 289,000 260,000 Interest expense 24,500 106,500 14,500 86,850 Income tax expense Total expenses 899,000 761,800 $ 181,000 $ 157,200 Net income