Company A reported the following income statement data for the most recent three years:

Prepare a common-size income statement for eachyear.

Year 3 Year 2 Year 1 Sales Cost of goods sold Operating expenses $330,000 $260,000 300,000 (163,000 (144,000) 156,000) Marketing expense (21,000) (21.000) 22,000) (27,000 (6.000) (4,000) (45,000 (50,000) (48,000) $ 74,000 39.000 60,000 7,000) $ 68,000 28.000 53,000 (8,00) 20,000) $43,000 20,000 33.000 R&D expense Administrative expense Operating income Interest expense Income before income taxes Income tax expense (6,000) (11.000) (25,000) Net income