The following income statement information is available for two different companies within the same industry Smith Jones Net Sales $8,300 $55,000 Cost of Goods Sold 3,000 27,000 Gross Profit 5,300 28,000 Operating Expenses: Selling Expenses 400 600 Administrative Expenses 600 800 Total Operating Expenses 1,000 1,400 Operating Income 4,300 26,600 Other Income and (Expenses): Interest Expense (200) (600) Total Other Income and (Expenses) (200) (600) Income Before Income Taxes 4,100 26,000 Income Tax Expense 1,000 5,000 Net Income $3,100 $21,000 When preparing a common-size statement, what is the percentage of gross profit for Smith Company and Jones Company? O A. 51.81% and 48.36% B. 63.86% and 50.91% O C. 37.35% and 38.18% OD. 36.14% and 49.09%