The balance sheet and income statement for Carver Enterprises, Inc. are as follows:

Balance Sheet 2013

Cash and marketable securities .........$ 500

Accounts receivable .............. 6,000

Inventories ................ 9,500

Current assets ..............$16,000

Net property, plant, and equipment ....... 17,000

Total ...................$33,000

Accounts payable .............$ 7,200

Short-term debt ............. 6,800

Current liabilities .............$14,000

Long-term liabilities ........... 7,000

Total liabilities .............$21,000

Total owners’ equity ............. 12,000

Total liabilities and owners’ equity ......$33,000

Income Statement 2013

Revenues ................$30,000

Cost of goods sold ............. (20,000)

Gross profit ...............$10,000

Operating expenses ............ (8,000)

Net operating income ............$ 2,000

Interest expense .............. (900)

Earnings before taxes ...........$ 1,100

Taxes .................. (400)

Net income ...............$ 700

a. Prepare a common-size balance sheet for Carver Enterprises.

b. Prepare a common-size income statement for Carver Enterprises.