The following condensed income statement is for Bustone Inc.

REQUIRED:

Prepare a common-size analysis of the income statements for 2022 and 2021. (Round percent computations to one decimal place.)

The following condensed income statement is for Bustone Inc. Bustone Inc. Income Statement For the years ended Dec. 31, 2022 and 2021 2022 2021 19,000 12,000 12,000 8,000 7,000 4,000 5,000 3,000 Net sales Cost of goods sold Gross margin Selling and administrative expenses Operating income Other expense, net Income before taxes Income tax expense Net income 2,000 1,000 200 300 1,800 700 400 200 1,400 500 Required: Prepare a common-size analysis of the income statements for 2022 and 2021. (Round percent computations to one decimal place.) Your answers to this open-ended assignment should be placed in the space below this line. Bustone Inc. Common Size Income statements For the Years Ended December 31, 2022 and 2021 Nat sales Cost of goods sold Gross margin Selling and administrative Operating income Other expense, net Income before taxes Income tax expense Net income