The following information is taken from the financial statements of a company for the current year:

Current assets	$408,000
Total assets	903,000
Cost of good sold	663,000
Gross margin (gross profit)	213,000
Net income	133,000

1. On a common size income statement for the year, what is the percentage that would be shown for sales revenue?

A. 100%

B. 62%

C. 15%

2. On a common size income statement for this year, what is the percentage that would be shown for cost of good sold?

A. 30%

B. 76%

C. 20%

D. 24%