The consolidated 2019, 2018, and 2017 income statements for Butler Corporation follow. Butler Corporation Consolidated Income Statements (in millions except per share amounts) 1 December 31 December 31 December 31 2 2019 2018 2017 3 Net sales $25,020.70 $21,970.00 $19,29220 4 Costs and expenses: 5 Cost of goods sold 6 Selling, general, and administrative Amortization of intangible assets Operating income (10,611.70) (8,721.20) 7 (11,946.10) (9,864.40) (303.70) $2,906.50 (572.70) 88.70 (9,366.20) (7,605.90) (208.30) (265.90) $2,371.20 Interest expense $2,111.80 10 Interest income (586.10) (613.70) 16160 113.70 $2,422.50 11 Income before income taxes 11 Provision for income taxes 15 Net income $1,898.80 $1,659.70 834.60 59710 597.50 $1,58790 $1,301.70 $1,062.20 Required: 1. Prepare common size income statements for horizontal analysis (in percentage terms, rounded to one decimal place). You do not need to include the actual dollar amounts shown above 2. Indicate what Butler's 2019, 2018, and 2017 tax rates were on its income before taxes (in percentage terms, rounded to two decimal places). Labels and Amount Descriptions Labels Costs and expenses Amount Descriptions Net sales Net income Net loss 1. Propare common size income statements for horizontal analysis (in percentage terms, rounded to one decimal place). You do not need to include the actual dollar amounts shown above. Income Statement instructions Butler Corporation Consolidated Income Statements Year Ended December 31, 1 2019 2018 2017 2 3 Label 9 10 11 11 2. Indicate what Butler's 2019, 2018, and 2017 tax rates were on its income before taxes (in percentage terms, rounded to two decimal places). 2019 % 2018 2017 %