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The following Comparative Income Statements were given for LILLY Corp.: LILLY Corp. Comparative Income Statements For Years Ended December 31, 2030 and 2029 2030 2029

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The following Comparative Income Statements were given for LILLY Corp.: LILLY Corp. Comparative Income Statements For Years Ended December 31, 2030 and 2029 2030 2029 2028 Sales $1,000,000 $750,000 600,000 600,000 420,000 400,000 Cost of Goods Sold Gross Profit 400,000 330,000 200,000 120,000 100,000 100,000 Selling Expenses General 130,000 130,000 85,000 Expenses Net Income $150,000 $100,000 15,000 Express the Income Statements given above in common size percentages (round to the nearest full percentage). LILLY Corp... Common Size Income Statements For Years Ended December 31, 2030 2030 Sales Cost of Goods Sold Gross Profit Selling Expenses General Expenses Net Income

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