Use the following data to prepare common-size comparative income statement for Old Mill Corporation on December 31, 2016. Round percentages to one-tenth percent.

2016 2015

Net sales$1,151,000$1,350,000

Expenses:

Cost of goods sold $980,000 $860,000

Selling and general expenses 290,000 230,000

Interest expense 59,000 59,000

Income tax expense 71,000 53,000

Total expenses $1,400,000 $1,202,000

Net income $110,000 $148,000