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

Prepare a common-size income statement for each year.

Year 3 Year 2 Year 1 350,000 $.260,000 $300,000 Sales. Cost of goods sold Operating expenses: (163,000) 144,000) (156,000) Marketing expense R&D expense. Administrative expense. .. (21,000) (27,000) (45,000) (21,000)(22,000) (14,000) (50,000)(48,000) (6,000) Operating income. Interest expense .. (7,000) (6,000) 88,000 (25,000) (11,000) 28,000 53,000 Income tax expense (8,000) (20,000) Net income.. . . ..._... 63,000 20,000 $33,000