The following income statements were drawn from the annual reports of Toner Sales Company: Not sales Cost of goods sold Year 2 $426,100 (259,921) 166.179 Year 3* $ 521,100 (265,761) 255,339 Gross margin Less: Operating expense Selling and administrative expenses Net income "All dollar amounts are reported in thousands. (46,871) $119,308 (57,321) $198,018 The president's message in the company's annual report stated that the company had implemented a strategy to increase market share by spending more on advertising. The president indicated that prices held steady and sales grew as expected. Prepare common size income statements and make appropriate references to the differences between Year 2 and Year 3. (Round your final answers for percentage values to 1 decimal place. Enter dollar amounts in thousands, not in whole dollars.) TONER SALES COMPANY Income Statement For the Years Ended December 31, Year 2 and Year 3 Year 2 Year 3 %