Using the Comparative Income Statements data in WP A.1 (Excel link), prepare a

common-sized income statement for 20X9.

December: 20X5 .. 2uxy Comparative Income Statements n thousands of dollare) z0XS 20X7 20x6 Sales Cost of Goods Sold 000 ..$335.000.. s215.00.. $272.000 $205440 10000%, $274,500 7700%., . . . . s211.355. 100.00% : $266,800 100.00% 77.00% -, 22.80. $280,000. ross Profit..107:200 $64,400 $42,330 s61:364 $40.630 S63.135? $62,560 $41,400 23:00%: 15.22%, 23.00% 15.25% 23.00% 1. Operating Expenses 45,770 42,000 T6:30% $22,070 $8960 20160. $8,700 7.78%, 3.20%! s21:135. $8,240 7.70% : 3.00%, S20.688: 18.150 $15,668 3.05%. Netlncome before Taxes and Extraordinary ltems Inc $45762 $13,729 1.62% $4T50. 21%. $8,568 " Extraordinary items Extraordinary Gain(Loss Net of Tax 3.06% .026.... 0.44% $0 ($2,650 4.97%"; 0.00% Net Incomo $32,033 $8,310-, 3.06%. $6,376 2.32%, $8,774.:.. 320%