The Abercrombie Supply Company reported the following information for 2017. Prepare a common-size income statement for the year ended June 30, 2017.

Abercrombie Supply Company

Income Statement for the Fiscal Year Ended June 30, 2017($ thousands)

Net sales ..................................................................................................................................  $2,110,965

Cost of goods sold ...................................................................................................................   1,459,455

Selling and administrative expenses ....................................................................................       312,044

Nonrecurring expenses .........................................................................................................          27,215

Earnings before interest, taxes, depreciation, and amortization (EBITDA) .....................     $ 312,251

Depreciation ............................................................................................................................       112,178

Earnings before interest and taxes (EBIT) ...........................................................................     $ 200,073

Interest expense ....................................................................................................................         117,587

Earnings before taxes (EBT) ..................................................................................................       $ 82,486

Taxes (35%) .............................................................................................................................          28,870

Net income .............................................................................................................................       $ 53,616