Income statement data for Starr Canning Corporation are as follows:

Required
a. Prepare an income statement in comparative form, stating each item for both years as a percent of sales (vertical common-size analysis).
b. Comment on the findings in(a).

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2009 2008 Sales Cost of goods sold Selling expenses General expenses Income tax expense $1,400,000 $1,200,000 730,000 205,000 240,000 140,000 100,000 50,000 850,000 82,000