The following income statement information is available for two different companies within the same industry Net Sales Gross Profit Cost of Goods Sold Operating Expenses: Smith Jones $8,400 $54,000 2,700 30,000 5,700 24,000 Selling Expenses 400 600 Administrative Expenses 600 800 Total Operating Expenses 1,000 1,400 Operating Income 4,700 22,600 Other Income and (Expenses): OA. 67.86% and 44.44% bs OB. 41.67% and 31.48% OC. 55.95% and 41.85% Operating Expenses: Selling Expenses Administrative Expenses 400 600 600 800 Total Operating Expenses 1,000 1,400 Operating Income 4,700 22,600 Other Income and (Expenses): Interest Expense (200) (600) Total Other Income and (Expenses) (200) (600) Income Before Income Taxes 4,500 22,000 Income Tax Expense 1,000 5,000 Net Income $3,500 $17,000 When preparing a common-size statement, what is the percentage of gross profit for Smith Company and Jones Company? A. 67.86% and 44.44% B. 41.67% and 31.48% OC. 55.95% and 41.85%