Y2 Y1 Sales Cost of goods sold Gross profit....... ....... Selling expenses Administrative expenses $78,051 $69,450 52,503 47,052 25,548 22,398 11,500 10,002 5,800 4,750 Total operating expenses 17,300 14,752 Income from operations. 8,248 7,646 Other revenue 974 998 Income before income tax 9,222 8,644 Income tax expense 3,689 3,285 Net income $5,533 $5,359 Required: Prepare a common-sized income statement with all items expressed as percentages of sales for the two years. Round percentages to 1 decimal place.