The Pharoah Supply Company reported the following information for 2017. Prepare a common-size income statement for the year ended June 30, 2017. (Round answers to 1 decimal place, e.g. 52.7%.) Pharoah Supply Company Income Statement for the Fiscal Year Ended June 30, 2017($thousands) % of Net Sales Net sales $ 2,121,000 % Cost of goods sold 1,458,000 % Selling and administrative expenses 312,800 % Nonrecurring expenses 27,700 % Earnings before interest, taxes, depreciation, and amortization (EBITDA) $ 322,500 % Depreciation 121,000 % Earnings before interest and taxes (EBIT) 201,500 % Interest expense 118,400 % Earnings before taxes (EBT) $ 83,100 % Taxes (35%) 29,085 % Net income $ 54,015 %